Views on 03Dec2014

BABA - Alibaba

I made a call on ALIBABA yesterday. Did you follow it? This stock is currently range bound and will resume this for a while. This stock is likely to consolidate till MOMO IPO on the 12 DEC 2014. Do load up on this stock ranging 105-107. This stock will soar together with MOMO shares. Do remember this ALIBABA has stake on MOMO. The other stock that has invested in MOMO is also WUBA.

WUBA – 58.com

I love this stock the most. This stock is moving up. I can see a lot of buying for every dip. Absorption volume yesterday showed that there are buyer secretly buying at 45 -47 range. This is gaining strength to breakout the 49 price and will close the gap at 50-51. This stock is likely to test the high of 57.50. Especially with MOMO shares IPO in place, this stock is going to breakout in no time.

FB – Facebook

More Strength and more buying is needed for FB to move uptrend short-term. The need for the 10SMA and 30SMA is needed to persuade traders to buy in more. This stock have higher probability for the upside. We should see it test 80 soon.

AAPL - Apple

Anyone following this? Apple looks to have reversed yesterday. There is a white candle and this shows that the stock is likely to pause at that price. It is likely to test 120 soon. Volume shows that there are a lot of buying at 113 – 114 range. Punters can look to punt this stock. Target price is 119.

MU - Micron

This stock still remains strong. From the chart I can see that the recent dip has created more buying opportunity. Yesterday price action has indicated that it is likely to breakout above 36.22. Breakout Trader can look at this price and with good volume we should see new high and we may approach for 37 soon.

INTC - Intel

INTC is a better stock than MU. There is a lot of buying and it is inching up slowly. Despite the recently tech sell-down on 01 DEC 2014, we see little drop in this stock. We should see this breakout soon. Volume is high and we see strength in this stock.

NFLX - Netflix

This stock tested the low at 330-340 range and now it is going up. This stock is short-term bearish and we should see it rebound to 350-370 range. Any price around this area please add more shorts. We should see it going down further. We will definitely see it failure to hold to the previous low at 331.

AMZN - Amazon

I see this stock going higher. Yesterday price action has indicated that the selling may have finished. We should see it testing 340 soon. Today white candle will confirm if this stock will resume higer.