Friday, 19 December 2014

Technology Sector For Past Few Days

Company Level


NE Noble Drilling


This stock will rally to at least 18.69. If volume is to come in, it will hit 24.35 and reverse downwards. Do note that the crude oil issue is not resolved yet.  That will result in one last leg to tank until I can see further confirmation.


NBL – Noble Energy


This stock will rally to 51.93. If volume is coming in, we will see it test 66.65. Given the time of the rally, we can expect volume to come in and push the price to test the 200MA.


Technology


AAPL has hit the low of about 104 and reverse upwards 109.41. With volume coming in high we should see this testing 115 soon. Watch! We should be there by month end.


BABA- Alibaba


BABA has been moving sideway and bounce off the low at 50SMA. We should see the stock testing 120 soon with the christmas rally now. RSI has indicated that there are more room to the upside.

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