MU - Micron- UPRISING STAR!
SGWiseInvestors made a Buy call on this stock when it is at 33. This is because it breakout with good volume and thereafter volume has been consistent. We can say that more upside will be coming. Today volume is low and this may be due to Black Friday. We will like to see further confirmation on higher volume together with increase price to confirm that the run will continue.
Recommended Price:
Buy at 35 support.
Target price is 40.
Stoploss is 33.
INTC - Intel
If you ask me which one is better? MU or INTC? I will definitely say that MU is better. It is currently one of the stronger stock for SEMI-CONDUCTOR STOCK.You may ask me why? I will reveal some of my skill in analysing here. Look at every increase in price is showing a decrease in volume. Basically I can say there is lack of participation from SMART MONEY. If we are to see a morning star with high volume or dip with high volume you may want to exit this counter. For mid-long term investor, this is a good stock to add to your portfolio. The decrease in volume may indicate that the uptrend may retrace soon. This may indicate for buying opportunity as uptrend is intact.
FB - Facebook
Facebook is currently filling up the gap at 80. Note that that is the high previously. If there is no volume coming in then this means that FB will retrace and consolidate sideway. Whether it will breakout is all about volume coming in to push and support the price higher. Do note that there are high chance that it will retrace and continue higher as 10SMA and 30SMA is about to cross.
Recommended Price:
Buy at 80 with high volume ( not explosive volume)
Target is around 85
Stop loss is below 80. you may like to place it at 79.50. Once break we may see it drop to 76.
TWTR - Twitter
Nice uptrend from TWTR. We can see that the 10SMA and 30SMA is crossing as it narrows.
We should see volume coming in at slightly below 200SMA 44.10. It has to create a breakout in order to surpass the resistance to fill up the gap 48.
Recommended Price:
Buy at 44.11 ( support)
Target is 48
Stoploss is 44.
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