Forecast for 24Nov14 to 28Nov14

Welcome to SGWiseInvestor once again. 

Yesterday we have news from China (ie hike in interest rate) and Europe (Draghi indicating that more stimulus had been implemented). Lets us look at how they close yesterday.

DOW JONES FORECAST

SPY – DOW JONES Daily Chart (a)

 SPY – DOW JONES Hourly chart (b)

Let me have a briefing of what we will expect DOW JONES next week? More upside or downside?

From the Daily Chart (a) we can see that there is a gap up and closes off below with high volume. This is a bearish signal. In order to see if it is Demand or Supply, we have to drill more into the Hourly Chart (b).Gap is filled on the hourly chart with shadow decreasing and BUY bar with high volume. Smart Money are pushing it down for more buying. We should see more upside this week or at least consolidating. Every DIP is a buy.

China Stocks

BABA – Downward Pressure?

BABA shares has been on the pullback on the past few days. Yesterday pullback indicated BEARISH signal. However this is accompanied by decrease in shares. Do you see high volume shares with big dip?

It is just purely marking down by money market and creating fear to retailers and also short term holder to protect their gains. However, from my point of view this is just a pullback for more entry. Always remember the cause and effect. In order for a stock to move it has to accumulate enough, test the background if there is any supply before the next explosive big move will come.

WUBA – 58.com

WUBA rises to high of 47.34 before closing at 46.28. what is your view? My view for this is that there will be consolidating at the moment. Monday should be a pullback unless big volume from Smart Money comes in. Yesterday candle indicated that there is not enough strength and lag of participation from the Smart Money. It will likely pullback slightly before approaching the resistance with stronger volume. Yesterday move is basically retailer pushing up the price together with the good news from China and Europe. They closed their position before the market closes. There are still some holder thinking it will rise forward.

Qihu

There are continuation of buying pressure. However it will be consolidating for the time being. We should see further upside coming soon. It will test 75 and target should be 88. Long Term investor can invest a bit of money in this as it is a company good at their earnings.


SEMI-CONDUCTOR

INTC –INTEL

What is coming next?

Daily Chart

2-hours Chart

5-mins Chart

INTC share fell when DOW JONES are Strong. From the Daily Chart we can see that when it reaches 36.5 high, it is pushed down by the BEAR with high volume. BEARISH indeed. We will have to drill down to 2 hours Chart and to my surprise I see that the down bar is accompanied by the decrease volume. Doji appears and that shows that strength is behind the background. I attached the 5 mins chart to show all readers who come to my blog that the shares are currently consolidating at support 35.50 big support. We should be seeing more upside in the coming weeks.

MU – MICRON

Love this chart. MICRON is now the strongest in semi-conductor list. INTC is currently in Moderate Bearish mode. From the chart above, yesterday up bar is accompanied with high volume. This is good news. It’s a no-brainer. We are going to test for 35 next week for sure given the strength. We should be seeing a breakout above 35.

FB - Facebook

FB is consolidating sideway.  Yesterday price action shows that is closing higher low with increase in volume. Monday will likely be a down as I can see that there are selling. The overall is still in downtrend as such it will be good to hold short rather than long until 30SMA cross over 10SMA. Overall look for this share is bearish.

TWTR - Twitter

It seems like Twitter has reached the bottom and consolidating sideway. It is not ready to move up yet. Long-term investor can look at this support and buy some. There should be a dip coming soon when the 30SMA and 10SMA cross over. (this is the supply test). Thereafter it will march higher and looking at 46 price target to fill up the gap

GPRO - GOPRO

GPRO is currently bearish. There are continuous selling. One good thing is that the volume decrease as compare to the day before. However, do not act on impulse and be greedy. There are still room for it to reach 65. Short term investor should buy at this level for minimal risk and high rewards. Price target is 86.

NFLX - Netflix

This stock is going down! There are a lot of selling pressures at the moment. It will test 350 in the coming week and probably 330 in a month time. More downside expected. Unless we hear some rumors or merger announcement else there is unlikely to have any reversal at the moment.

Financial Sectors

C - Citigroup

Citibank is not ready to move. The accumulation is not done yet. Buy at Support at 52. Short Term Trader – 54. We should see it burst to the upside in no time. We should see at least 60 given the length of the accumulation.

BAC - Bank of America Corp

BAC has Morning Star candlestick with high volume. Good that it is not explosively high. However this may indicate more downside pressure coming. If the downside pressure can go below 16.80 we should be seeing it dipping to 16.12.

JPM - JP Morgan

There is a big pullback with increase in volume. Bearish. Although it is still in the uptrend, believe on the short run it will be consolidating sideway.

Overall:

Financial markets are lagging behind DOW JONES. You may not get the risk and reward that you want. I view for this is that currently there is no indication that financial will lead and breakout. Thus I will risk my money for short run. Mid-term is justifiable as I can see further upsides.

Consumer Sector

EBAY

Support is at around 54. Short Term trader can look at 25-54 range for swing trade. This stock is keen for further upside. Watch! It will test for 57 in a few week time.

PG – Proctor & Gamble Co

Short Term Trader should look at price at around 87 to 88 for swing trade. This stock is keen for further upside. Watch!

AMZN - Amazon

Short Term Trader should look at price at around 328 for swing trade. Monday should be a day when the stock dip. Look out for buying opportunity in this stock. This stock is keen for further upside.

TSLA  -TESLA

Monday this stock will dip lower because there is increase in selling pressure. If the share price dip and close with white candle, indicate that there is buying pressure. You may want to buy and hold. The stock will increase gradually given the volatility of the shares. 

Forecast for 21Nov2014

WUBA – Moving up

WUBA setup for moving the upside is still in play. Volume for down bar is low as compared to up bar.

As such we should be expecting the breakout soon. Lets wait and see.

BABA - Alibaba

Today’s action is very bullish. For the past few days, the downtrend is accompanied with increased volume. If you read my previous blog, I indicated that the reversal should be around 105-107 range. BABA should be moving up to test resistance at 120.

MU - MICRON

Semi-conductor stocks has a good move. MU is moving to test the resistance at 33.50. once broken with high volume we can expect to see it reaching 35. Do note the chance for it to break 33.50 is high as the accumulation should be done anytime.

INTC – Intel

Intel has a good run. It will be testing resistance 34.50. It is on its way to test psychological barrier at 35.

We should see it clear this resistance and look at all time high above 35 by year end. Likely during the coming Santa Claus Rally.

GPRO – GOPRO

  

LOOK at the chart, the gap down is now under the BULL control. There are buying pressure and high volume. This indicate that there are a lot of selling and now it has been purchase/exchange by the BULL.

Retailer are selling and exchanging hand. Big buyer has create fear to retailer and making them sell at lower price. There will be likely to be continuation of uptrend to test 85 in the coming week.

FB - Facebook and TWTR - Twitter

If you ask me whether I will buy Facebook or Twtr? I will say currently I will not buy. What about investment?

I will say NO. why? It is still consolidating side way. Currently it is good to scalp in this stock same as Twtr. The movement is quite predictable. Buy at support and sell at resistance. I will not spend money and hold as you will waste time and opportunity on better stocks. I will stay sideline till facebook breakout above 77 or Twtr break above 44. 

C – Citigroup – Hidden GEM

I am shocked when I see this stock, C. I was requested by my SGWiseinvestor’s fan to review some financial stocks and when I see this, I can confirm 100% this is an upside moving stock. The whole consolidation is all buying. All dip comes with buying and end high. Buy at around 53 dollars. Upside currently will be 54.5. We should see it potentially move to 60.

BAC – Bank of America

Bank of America shares are now at support at 50SMA. Investor with Higher Risk can take this trade.

Stop loss can be place slightly below 50SMA. Currently the charts show that am absorption candlestick however 1) wick is not long enough and 2) volume is not high. Unless later I see high volume to confirm that there are a lot of flushing in the shares and have all been absorbed by Big buyer/ Smart Money.

Else I will take a small trade end of the day if the candle end with white candle, closing at the top wick.

JPM – JP Morgan

JPM is still on the uptrend. This dip is for more buying. However I will pick C as my first choice for financial stock which is like to move first or perform the best. The buy pressure in JPM is not as good as C but it is still ok to hold mid term to longer term. A lot of buying from investor since 54 has been holding on. This is one stock that is worth holding longer term.

OAS – Oasis Petroleum Inc

We should be able to see it rebound to 28 and continuation of the downtrend. Unless we hear any bad news coming and hence causes more sell off. At the meantime, the stock is likely to rebound. Any rise is for more shorting. It may consolidate side way for the time being. Sell at resistance 28 buy at 24 for easy scalping.

YHOO - YAHOO

Yahoo has a fabulous run since 39. The recently down bars has been offset by today’s long white candle.

From the chart, the volume is not high and meaning that only pure buying behind. Not much selling. We should see further run in this shares. Any dip is a BUY.

AAPL - Apple

Continuation of the uptrend. Volume is not drying up instead it is increasing. This is a excellent add-on to the portfolio. I can see further run in this stock and more upside will be coming. You may ask me when is the target price. Looking at the volume, target price may be at 120-130. Talk is easy but only volume can confirm this. I will advise status again.

Stay tune and come back daily for more updates.

Good Luck Trading

SGWiseInvestors

Analysis for 20Nov2014

OAS – Oasis Petroleum Inc.

My friend Elson asked me about this stock and here comes my analysis.

OAS has a terrible time since 15 Oct 2012. From about 45 to 26. In order to look at OAS or any other oil industry stocks it is important to look at the MACRO view. From the above 2^nd chart, we can see that it is an impressive downtrend. It seems like it is consolidating sideway. However, the volume is high for the narrow bar. It means that there are still selling behind the scene. It is extremely bearish. Expect more downside.

From the 1^st chart, we take a micro view of this company. There are buying pressure at 25 with high volume. Currently the stock is consolidating sideway. If we see any break below 25 with high volume. We can expect any downside to come. Please set your tight stop loss at 25.

BABA - Spinning Top

Yesterday action is a nice action. We can see buying pressure and also some selling pressure.

One thing for sure is that there are buying. This stock is approaching RSI 50. Interested parties can buy at that support. The bounce should come latest at price 105. Anything now can expect the bounce. If the bounce comes with not a low volume, the trend might be reversing for upside to above 120. Lets wait and see todays action. This will be critical.

INTC – Intel

Thanks to FatCat Banker’s reply and therefore I will like to look into this chart again. There has been a lot of buying at 33. Yesterday volume was not very high. Thus this indicates that not much selling. Instead there are some people pressing the price down probably for today’s analyst day. People are protecting their profit from the previous run. The 1^st chart suggest that we should be expecting some good news. INTC should be hearing this good news and breakout with high volume.

Let's wait and see.

GPRO

It hit high of 86 and down with a wide body. Volume is consider to be high but not excessive.

We should be expecting it to consolidate at 75 dollars range. Looks like it is not done yet. Buy at 65 remains. Upside will be 100. Currently it is slightly above support 50MA. My forecast will be it will be around 75 range and bounce off again to test resistance at 86.

FB – Facebook

Side way consolidating. Buy at level 72. Upside will be 80.

Stop loss at 70. This may be for mid-term. Short term you may like to buy at anytime it hits 72 and take profit as it rise. HIT and RUN!

MU - MICRON

This is a good stock to have at the moment. One of my favourite in my portfolio. Impressive run up from 31.80. Yesterday was a confirmation that there is strength behind. We should see it hit 34 soon. Maybe tonight.

XAU - Gold

The price action shows that there are heavy selling yesterday with high volume. Overall Long-Term Downtrend. There are slight buying pressure as well. I think it will be dropping to 1140 range and go side-way for the time being since there are some buying pressure. This buying pressure will soon be overtaken by the bear and downtrend will resume.

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.

Views on 18Nov14 - BABA ; INTC ; MU

BABA – Flushing – as expected

As I earlier post, we should be heading to support 110. Increase in volume when selloff, indicates that the BB are selling for the time being. We should see BB buying in at 110. Lets wait and see.

Stay tuned.

  

INTC – Strength behind the scene.

INTC is showing strength. SEMI-CONDUCTOR fields are loading for the 20^th Nov 2014. It should be heading 35.50 by 20^th Nov 2014. If there is good news, we should see volume coming in, bring it to 40 dollars range. Lets wait and see.

  

MU

WOW look at the 2 white candles in between 10SMA and 20SMA. Volume is not low. Uptrend is intact.

We should see it moving up. Loading in progress. If INTC is leading the way on 20^th Nov 2014, this will definitely be one stocks that follow.