Movement on 24Nov2014

WUBA – 58.com -ACCUMULATION

All SGWiseInvestors fan, this is one stock I will recommend you to buy now. It all about accumulation now. No brainer. I will ask you to but at this price now. WE should be seeing it break 47 soon and soon hit the high of at least 50.

BABA – ALIBABA UP or Down?

BABA is highly going uptrend. I am quite optimistic about this stock. I can see from the above stocks that the body is smaller. Yesterday is a close below the opening price. Bearish. What is the bar telling me today? It is telling me that yesterday down is for more accumulation. SM marks price lower for for buying. This shows that they are likely to push the price higher in no time. One thing worrying me is the decrease in the volume. I did not see big volume coming yet. Thus believe we will be sideway for a while. Sell pressure will be minimal. Even dip, just buy more.

GPRO – GOPRO

If you see my previous blog, I did say that the stock will bounce on Monday. And I am right!
This is a good level to buy support is at around this level. Target price is 85. Start accumulating the stock for coming uptrend.

INTC - INTEL

Yesterday push down of price is for more buying. INTC is likely to reverse and move higher. I hope to see higher volume coming in. This is a fundamentally good stock and technically good chart. We should see it hit 37 or even exceed 38 by year end.

MU - MICRON

Look at the three white soldiers candle. It is impressive. I have indicated in my previous blog that this stock is the one that will run and indeed it run.  It just breakout 35 zone but one thing is lacking! It volume! If volume does not exceed yesterday volume, we may see retracement. Lets wait and see.

AAPL - APPLE

Yesterday down is the accumulation for SM. It is pushing the price higher. It is telling me that yesterday last minute sell down is more upside. Uptrend is intact. I will see it hit 120 soon. More upside to come.