WUBA – 58.com (SGWiseInvestors made Buy call on this since 16 Nov 2014)
This Chinese stock has great potential to run further. We made a call on this stock since 03 Nov 2014. However we see more room to upside. We should see it testing 55 in no time. There are buyer who has been secretly accumulating the stock. Do note the gap will be filled once it reached 50.
Recommended Price:
Buy at support 48.
Target price is 55.
Stop loss is 44.50.
BABA – Alibaba
This stock has create a lot of frustration to a lot of investors. You want to know whether if it will be breakout to the upside? It is currently in accumulation mode. There are decrease in the price together with decrease in volume. This indicate that there is a high chance that the stock is reversing soon.
We should see buyers and speculators coming in to push the price higher soon.
Recommended Price:
Buy at 110-112 support.
Target price is 120.
Stop loss is below 107.
QIHU– Qihoo 360 Technology
After the announcement of good 3rd quarter earnings, this stock bounced off the low at about 67 to 74
I can say that currently it will pause/consolidate for a while and soon it will break out to the upside. The chart is very similar to WUBA.
Recommended Price:
Buy at 77 when it turned support.
Target price is 87.
Stoploss is 72.
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