In Retrospect: EPHI, URC, ASIA,ATI

EPHI

Retraced back to 2.75. Possibility of a flag or pennant formation is now impossible as price may still move downwards for this week. There may be support at 2.60 level.

URC

I was wrong with the observation about the divergence. Based from what was taught in the advanced TA class, a shorter time period makes the divergence more credible. The divergence I pointed out was from Feb to May which somehow lessens the credibility of the divergence. When I looked at the shorter period in between Apr and May, there was no indication of divergence as the MACD moved together with the price both creating a lower low. Still looking for a sign of reversal, as of now support is at 15.75. A break lower than that could mean a continuation of the down trend.

ASIA

The support line needs to be redrawn as the price move sideways hitting the support line of the triangle. The symmetrical triangle is still intact. As of current the lowest price is at 12.00, but it could still move down to 11.50 for this week. At 11.50, this could be a good buy at that level assuming RSI still moves further near the 40 level and MACD does not cross below the zero line.

ATI
Price did moved further to 6.20, but the flag or pennant anticipated is already invalidated. After moving down to 6.20, price moved sideways invalidating the formation.