WUBA – continuation of STRENGTH
Based on the above hourly chart, there are strength in WUBA stocks. It is continuation of the uptrend. Any pullback is a buy. Full sto shows that there are still rooms to run. Let see the volume end of the day.
We do want to see higher volume than yesterday with higher low. Let us see what is the candle end of the day.
MU – Micron - rebound at 50MA
This is a good buying opportunity. There is a buying candle at the 50MA.
If end of the day, it is still a wide candle. This will be a good entry point.
Stop loss will be fixed at below today’s low. Note that there is still possibility that it may fill the gap at 31.
Intel is creeping higher. It is looking to test 34.50 resistance level. There are strength underground.
There are a lot of accumulation at the back by the big buyers. We can expect the big movement in 20th Nov 2014.
BABA - where is it heading? Up, down or sideway?
5mins chart
15 mins Chart
Hourly Chart
A lot of people is speculating where it will be heading? At the meantime, it will be consolidating sideway. From the 15mins chart, we can see that it is at 200SMA support. Any break will lead to 140 price support. It is now in accumulation zone. Why accumulation and cannot be big buyer offloading? I do not see any big volume down bar and there are aborption volume at the support which shows that short term BB are onloading for more upside move.
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