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Counter Reviews for 09Feb2015

Dear SGWiseInvestors Fans and Readers,

Lets round up some of the other stocks as well.

AAPL - Apple

This stock has a good run after the good news. Where are we heading? The last Friday bar is a bearish bar with high volume. Monday price action is very important to make the next forecast for this stock. The volume is showing that a pullback is highly likely. Why? Make a comparison between last high and this high. You will notice that there is no much catalyst to push this stock higher.


VLO - Valero

We should see this breakout soon. But at the meantime I should see some pullback. It is gaining strength. There are buying in the down bar last Friday. We should see this breaking out soon.


BIDU -  BAIDU

This is one stock that you should avoid now. Looking at the last bar, it is supper bearish. It will hit 200SMA and may even break. Resistance level is at 195. Thus we should see this likely to bounce at that level.


QIHU - Qihoo

This China Stock is currently the strongest of all. It has passed 50SMA, heading towards 77.41 which is the 200SMA. This is definitely a buy at the moment.


WUBA - 58.com

This is one stock that you should avoid. It is not moving anywhere. Side-way consolidating only.
Interested buyer can buy at price 36 for short term gain.


GOOG - GOOGLE

This stock is likely to move higher with the big candle stick and also 50SMA as the support. We should see this stocks closing near 549. Volume has to come in to validate this move upwards.


FCX - Freeport McMoran

This stock is a no-touch stock. It is on a downtrend and every rebound is weak. From the RSI, we can say that this is moving down further.


NEM - Newmont Mining Corp

This stock is a BUY. Every dip, you can see it comes with a BUY. Support is at 23.04. Any break on that we should see it dip to about 22. We should see this going higher in the near term.


MSFT - Microsoft

This stock is on short Term uptrend. Volume has to come in to pass 43. At the meantime, this stock is not likely to surpass 43. Not a good punt on this stock.


SNDK - Sandisk Corp

You can buy this stock at 75 for longer term investment. It will be going down soon to retest 75 before any bounce. I believe that there will be support and a lot of BUY awaiting at 75.


GE - General Electric

This stock is moving down. Friday bearish bar confirm this.
This stock is worth a SHORT! This should go back to 23.50.


GM - General Motor

If the stock is down on Monday with increased volume. This stock is worth to short as well. Keep this stock in your radar.


GILD - Gilead Sciences Inc

Buy? Not yet. Do note of the 200SMA and see if there is any rebound? Else this stock remains a SHORT stock.

Gold - Randgold Resources Ltd

GOLD will likely dip to 75.53 which is 200SMA before any continuation of uptrend. Do keep this in your radar as well.


LNKD - LinkedIN Corp

This stock bounce to high of 272 and close at 263.40. The volume is exceptionally high which means a lot of people is offload and onloading. Monday price action of whether further uptrend or downtrend will be concluded.

Forecast for upcoming week

Dear SGWiseInvestors Fans and Readers,

Today I will cover the stocks and see where they are heading this coming week.

BABA - ALIBABA

Where are we heading next? BABA has been on the declining downtrend since 26 January 2015. RSI indicating that it is now at the oversold area. Volume is decreasing as the stock moved lower. This stock is close to support at 83. We should see this bounce any time soon.

YHOO - YAHOO

YHOO are open to more downside? YHOO has been moving lower since ALIBABA reported bad news on the28 Jan 2014. Although there are aborption volume but it seems like it is not enough to push the stock higher. 42 is the current support. We should see this going to worst case scenario at 41.16 before the stock will move higher. Do note it is still on Long term uptrend

INTC - INTEL CORP

INTC going down? INTC is supported at SMA 32.45. It should be going to test 42.45 support. This is a critical support. Once break we should see it testing at 30

MU - MICRON

MU seems to consolidating sideway right now. This stock is currently supported at 28.91. We should see this testing support at 28. Once any confirmation of no supply bar (please read VSA guide) or absorption volume we should see this testing resistance at 31.52.


NFLX - NETFLIX

NFLX is consolidating as well. This stock is currently consolidating at the top. With RSI at overbought area, we should see this falling off the cliff to fill up the gap at 380 soon.

TSLA - TELSA MOTORS

This stock is perfect for shorting. This stock has closed off at the lower wick on the 05 Feb 2015. We should see this testing 214 resistance. Once break, we can see this moving to 190 which is a strong support.

TWTR - TWITTER

TWTR is resuming uptrend? Yes Yes we are heading to the top for TWTR stock. We should see this heading to resistance at 54 soon. Although it is now overbought. With this kind of momentum I believe this will sustain a while before heading down.

BAC - BANK OF AMERICA

BAC going higher? Likely. We see the stock hitting SMA 16.77 and moved lower , closing at the mid of the wick. I believe this stock will be moving higher. There may be small dips but on the short term it is bullish.

GRPO - GOPRO

GPRO is heading down! This stock is moving down. It is closing at the lower wick with high volume. Buyers are offloading this stock. We should see this to below 38-40 at times to come  before it bounce up again.

C - CITIBANK

C seems to be testing the support. This stock is not moving up. meet resistance and then closed with lower part of the wick. It will move down to test the support at 47.

JPM - JP MORGAN

JPM as well is testing the support. This stock has meet the resistance at around 49 and we are heading down to the support once again.

DAL - DELTA AIR LINES

DAL is going up or down? We are likely to see this moving down gradually to 44. Once break, we should see this moving to 40.72.

WMT - WALMART STORES

WMT is moving up? No we are moving down. The stock has a bearish price action. It is closing at the lower part of the part. volume is not high, I doubt we can move above the resistance. We should see this moving to 84 soon.

AMZN - AMAZON

For this stock, are we still seeing it go higher? I will bet this on the downside. Why? Using price action you can say that this is a stock with candle closing at upper wick. However look at the volume, this is not a valid move. Its abnormal. With RSI at the overbought, I believe it will consolidate and move lower in the ST.