Technology Sector
AAPL has a good
run since 23 Oct 2014.From the above chart you can see that the resistance is
at about 120. Volume increase with a bearish engulfing candle. This is a sign
that there are people offload the stock at this level. This stock is suitable
to buy on dip. What price to buy? The price to buy is around
BABA is on the uptrend. There are absorption volume however
the bear won the battle against the bull and bring the share below the opening
price. The resistance is around 113 and 115. There is a need to break this
resistance with high volume in order to test the high at 120. We have to wait
for and see if SM will be in to bring this stock higher. Else we can see it
test the support at 107. Lets wait and see.
GPRO is consolidating sideway. This is accompanied with
increased in volume. We should see stock going higher testing resistance at 85.
If we can see the volume increase as it approached resistance we should see it
test high of 100. There are room to run.. Accumulation is undergoing.
FB - Facebook
FB had a good run yesterday. LOOK at the white body with the
increase in volume. This is bullish. We should be seeing it crossing the first
resistance at 76 and heading to 78 resistance. Thereafter the next resistance
to test will be 80. We will have a high chance seeing it test 82. Lets see…
TWTR is currently consolidating sideway. However we can see
that once it break 44 we should be seeing it test for 48. We should be seeing
Smart Money coming in soon to push the price higher. This is one stock that can
be bought for mid-term to long-term. 56 will be tested in months to come.
MU has reduced volume as it approached 35. The stock likely
not able to bypass the resistance as it is losing strength. It end off with a
DOJI. We are glad to see not there is no high volume which indicate that there
are selling. Smart Money are holding on to the stock and we should be seeing it
bypass 35. Volume on the 26 Nov 2014 will indicate that there will be further
run. We will have to wait for this confirmation.
INTC is about the same as MU. It is meeting resistance at
36.50 and there is an decrease in volume. This is a bad sign. Volume on the 26
Nov 2014 will indicate that there will be further run. We will have to wait for
this confirmation.
Good for those people who short this stock. NFLX is going to
test for 330 low soon. The increase in the volume says so. Though there are
some buying but the background for this stock is very bearish. There is a gap
down yesterday. This prove that any up is a short.
Financial Sector
OMG.. This is one stock I used to have and will like to take
a look at the chart. The volume is so huge and body is not long enough. There
are selling behind and I believe that today there will be continuous selling.
We should see this stock moving lower to 97.62. Any price above that is a buy.
If the dip exceed that price, there may be reversal coming soon. Watch for
continuous uptrend. DIP is a BUY!
As per my previous blog, I indicated that C is a good stock
to have as I see a lot of buy candles. It is still at the midst of
accumulation. Yesterday candle indicated that the accumulation is likely not
over yet and we will likely see it go side-way once gain. Buy at support 53 if
it ever test that again.
BAC is not able to pass 17.40 resistance given the volume. The
support for this counter is at 16.8. If the selling persist and the counter dip
below 16.8 we should see it going to 16.4. However I feel the stock is buyable
if it does not dip below 16.9.
The dip in JPM is accompanied with high volume. This is
genuine selling and not to buy it behind the scene. Uptrend is not broken yet.
Aby dip below 59.52 is a reversal of uptrend. There are absorption volume at
59.52 range which shows that there are buying interest at that zone earlier.
This is a critical area not to broken. Else we can expect more downturn…
Overall view for financial stock is bearish. I will not
recommend any buying for this sector at the moment until I see this sector
leading Dow Jones. If you are interested to know more about Sector analysis
please look at my previous blog that I wrote
Consumer Sector
AMZN is meeting resistance at 335 and it is low volume.
We need volume to confirm more upside.
The stock is now consolidating at the tip which is a good
news. Uptrend is intact. We should see the gap to 355 be filled up soon.
This is a big buy if it is able to cross the 200SMA with
good volume. Yesterday candlestick is weak showing that there are a lot of
selling. However, if volume can come in today with nice candlestick
we should say this is a buy signal. Target price will be
16.50 if the 200SMA is turned support.
This is now accumulating. We should see more upside after
there is buying interest as shown absorption volume. Uptrend is still intact.
However the volume is decreasing. We need increase in volume to have more
upside and testing 255.
GOOG is showing continuous of uptrend. The price is
undervalued. Short Term uptrend is intact. We should see it going higer and
test resistance at 550 soon. If volume is not coming in, expect downtrend to come
soon.
