Views on 19Nov2014

BABA – Flushing down

Yesterday was a bad day for BABA holders. Today 19 Nov 2014, is important day as the next candlestick will determine if more down pressure still exists. Those people who follows my blog knows that I use VSA for analysing. What is the chart telling me? There are weakness. Yesterday bar is bar is longer than previous day bar. It is accompanied by increasing in volume. This is a bad sign.

We are now near the support 110. Worst case scenario will be at 100. Before it will up to 120(new high). We may get a rebound at around 105-107range.

Keep tune and be the first one to catch the reversal. 

GPRO - GOPRO

Yesterday was a good run for GPRO. We can see higher low and higher volume. It is a doji candlestick. Bulls and Bears had a tough fight, in the end the candle just remain almost unchanged.

If today the candle is UP, it will be good opportunity to jump into the boat as more upside should come soon.

AAPL - Apple

One of my fan ask me about AAPL. So I thought I share with everyone my forecast.

Yesterday is a good time to load some shares for short term. You will ask WHY? Reason is because I can see strength. On the 17^th Nov 2014, the shares close in doji candlestick with high wick. This is bearish. However, yesterday candlestick shows that BB are bringing down the shares to accumulate more and push the share price higher. More upside expected.

TWTR - Twitter

Twitter is one favourite stock that people like to trade. It is currently consolidating. You can buy and accumulate for mid –term. For short term, it is range bound. Scalper, please look into this for easy trade. Buy at support and sell at resistance.

FB - Facebook 

Facebook is range bound. Not much upside now.  Waiting for gap fill? This is not possible unless volume comes in. Currently it is at support. There may be a low volume test. We can expect downside to come first and follow by upside to fill gap in mid-term.

INTC - Intel

This is one stock at the moment favourite to go HIGH and I mean HIGH. Higher low with higher volume. Volume is coming in to push it higher. We will witness the break of resistance shortly and breakout with high volume coming in.

MU - MICRON

MU is looking positive. Volume is high and closing at the upper end of the candlestick. Resistance is at 33.5. If we see a break in that level with good volume. This will be on the way to breakout and we should see it hitting 40 soon.