Technology Counter Reviews

BABA - Alibaba

Is Alibaba a sinking ship now? The stock is temporarily bearish. It is moving sideway for the meantime. The increase in the body and the increase in volume has shown that more downside is expected. We may see a test to 103.90 coming. Do note that that MOMO IPO is coming on 12 Dec 2014. I believe that this dip is for more passengers to board it before it moved to next destination on the uptrend.

WUBA - 58.com

Yesterday I was so excited by the performance of this stock. It is soaring. However the overall performance is bearish. Why? because it closes mid to lower of the wick. Looking at the volume there is not much shares changes hand and below that is purely marked up by retailer. I see it moving higher with increase in volume. 

Qihu - Qihoo

Going downward? This stock has been underperforming after the 3rd quarter earnings report? when will it go up?

I am seeing this turing soon. I want to see a bullish candle and this stock is due to reverse. why do i say it will reverse. Simple - look at the volume. It is moving to lower low with decrease in volume.There is lack of participation from Smart Money. Every dip there is a wick. This is showing that there are buying at the backscene. We should see this testing 62.50 and we will see the reverse. 

INTC - Intel and MU - Micron

Both are inching higher and higher! These two technology stocks are moving higher. There may be pullback due to lower volume. But I believe this stock should see new high and increase in bullish sentiments.  

FB - Facebook

Yesterday is a buy signal triggered for FB. We can see that 10SMA and 30SMA has crossed. Increase in volume has proven that the move upwards is genuine. This stock will test 78 and soon hit 80 to close the gap. Next week is still not late to go in. Watch!

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.

AAPL – APPLE

We saw a dip in APPL. Is this falling? There is no much movement as it is showing that it is between the Trader Zone (between 10SMA and 30SMA). We will like to see bullish candlestick here. As long as the uptrend is intact, this stock remains potential to break 120 in time to come.