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.