I have received alot of people asking me if INTC will
continue the run.
From the above chart, we can see it is going higher low
and higher high. However this is accompanied with lower volume. This is not
good sign. I believe this is due to all awaiting for 20th Nov 2014 ,
Analyst day. The big move should come occur.
My forecast: This few days should consolidate sideway. With
the 10SMA on top of 30SMA, the uptrend is intact. As long as it is not break,
20th Nov, should be more towards the upside. Lets see the next few
days. We may see BB coming in.
This chart is more obvious. We can see more upside. There are a lot of absorption volume
And the current price is showing that the stocks is indecisive mode. The dip is accompanied with low volume. Same story, they are awaiting for the analyst report on the 20th Nov 2014. I can see that we are getting good news this time round from the USD chart.
We can wait and see.
Lets look at the GOLD chart.
It is Mid-Term and Long-Term down trend. Investor should look to short when it bounced.
When is the best time to short? I will say that current there are a lot of buying. This is accompanied with exceptional high volume. The max that the gold will bounce should be around 1212. If the 1212 is break next stop we will see it testing for 1279. Currently I am short term bullish in Gold. It is accumulating around 1140. Any chance to get at 1140 will be good chance to earn some cash. Do note do not hold long position for too long. Anytime to cut position.
BABA has a good start since Nov. Friday move is accompanied with low volume. It ended at the upper wick. This is a good sign. We will need to confirm the upward move with Monday’s candle. It will likely be moving higher. We should be seeing it test 120 soon. We should see increase in volume and followed by breakout. The support should be around the 110-112 range. This is the buying support!
WUBA – 58.com – Rising Higher
Did you follow my call on this share? Since the announcement of the 3rd quarter earning, it sky-rockets.
Nothing is stopping this uptrend. The next resistance it will test is definitely the 48 dollars mark. Once broken, we should be able to see it testing 55 dollars mark. Fundamentally it is very strong. It has crossed the 200SMA with increased volume. The down bar after the wide body candle has all been absorbed by the buying as shown in the next candle. We should see an continuation of upward trend.
FEYE is one stock that I am looking at. It has reached the bottom since May 2014. We can see that there are a lot of accumulation at this area. I hope to see it break the USD40 range and breakout with increased volume. 200SMA is at USD42.76. I will like the price to go above that and I will definitely long this share.
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