Nasdaq: Google Shares, A Bearish Signal?

Moving Averages has the ability to smooth price data to filter out the noise of the daily ups and downs price movements. In our 280-Day moving average for Google stock (Nasdaq: GOOG), it shows 2 dips of the price near the moving average as indicated by the 2 circles. From 2006 to early 2008, the price stayed above this moving average. As such, this moving average served as a support for this period of time. However, we now see a "crossover" in early 2008, indicating a bearish move. The significance of this crossover is that prices will not rise above this trendline unless a "bullish" crossover happens (i.e. this line is a resistance line for the price).

The next few months ahead will see this stock below the 280-day moving average, indicating a sell/short when it approaches the moving average.

SGX: SuntexReit - No sign of uptrend soon.

SGX: SUNTECReit - 13 March 2008. We continue with the analysis of SuntecReit. Now we use the "Ribbon Study" to gauge if any upward trend is possible soon. The first compressing threads during the period from 2004-mid 2006 was an indicator of a powerful price movement in time to come. This came true after mid 2006 when the threads smoothen out following an uptrend. During mid 2007, another compressing threads started to emerge and was a sign of yet another powerful price movement. This time, a downward trend happened.

Looking prospectively, the current threads of SuntecReit is still smooth towards the downside. There is no sign of any compressing threads, meaning that the path which this stock will follow is still downwards at least for the next month. We will continue to monitor for any signs of another compressing threads.

SGX: SuntecReit - 10 March 2008

From the years 2005 to late 2006, price has been resisted on the Resistance Line only able to peak at about $1.30. Subsequently, a price breakout occurred at the beginning of 4th quarter 2006.

For the years 2007 and beyond, we see a downward price channel for the coming months ahead. We predict that the Resistance Line that covers the years 2005-2006 could be a support line for the coming months ahead.Meaning to say that the downward price movements would be supported by the Resistance Line formed in the years 2005-2006

Once a breakout occurs on the resistance line of the downward price channel, it could repeat an upward trend again. To confirm that a break out has happened, compare it with volume, making sure that volume traded is increasing as well.