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.
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.
Good Luck Trading
SGWiseInvestors
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