Forecast for upcoming week

Dear SGWiseInvestors Fans and Readers,

Today I will cover the stocks and see where they are heading this coming week.

BABA - ALIBABA

Where are we heading next? BABA has been on the declining downtrend since 26 January 2015. RSI indicating that it is now at the oversold area. Volume is decreasing as the stock moved lower. This stock is close to support at 83. We should see this bounce any time soon.

YHOO - YAHOO

YHOO are open to more downside? YHOO has been moving lower since ALIBABA reported bad news on the28 Jan 2014. Although there are aborption volume but it seems like it is not enough to push the stock higher. 42 is the current support. We should see this going to worst case scenario at 41.16 before the stock will move higher. Do note it is still on Long term uptrend

INTC - INTEL CORP

INTC going down? INTC is supported at SMA 32.45. It should be going to test 42.45 support. This is a critical support. Once break we should see it testing at 30

MU - MICRON

MU seems to consolidating sideway right now. This stock is currently supported at 28.91. We should see this testing support at 28. Once any confirmation of no supply bar (please read VSA guide) or absorption volume we should see this testing resistance at 31.52.


NFLX - NETFLIX

NFLX is consolidating as well. This stock is currently consolidating at the top. With RSI at overbought area, we should see this falling off the cliff to fill up the gap at 380 soon.

TSLA - TELSA MOTORS

This stock is perfect for shorting. This stock has closed off at the lower wick on the 05 Feb 2015. We should see this testing 214 resistance. Once break, we can see this moving to 190 which is a strong support.

TWTR - TWITTER

TWTR is resuming uptrend? Yes Yes we are heading to the top for TWTR stock. We should see this heading to resistance at 54 soon. Although it is now overbought. With this kind of momentum I believe this will sustain a while before heading down.

BAC - BANK OF AMERICA

BAC going higher? Likely. We see the stock hitting SMA 16.77 and moved lower , closing at the mid of the wick. I believe this stock will be moving higher. There may be small dips but on the short term it is bullish.

GRPO - GOPRO

GPRO is heading down! This stock is moving down. It is closing at the lower wick with high volume. Buyers are offloading this stock. We should see this to below 38-40 at times to come  before it bounce up again.

C - CITIBANK

C seems to be testing the support. This stock is not moving up. meet resistance and then closed with lower part of the wick. It will move down to test the support at 47.

JPM - JP MORGAN

JPM as well is testing the support. This stock has meet the resistance at around 49 and we are heading down to the support once again.

DAL - DELTA AIR LINES

DAL is going up or down? We are likely to see this moving down gradually to 44. Once break, we should see this moving to 40.72.

WMT - WALMART STORES

WMT is moving up? No we are moving down. The stock has a bearish price action. It is closing at the lower part of the part. volume is not high, I doubt we can move above the resistance. We should see this moving to 84 soon.

AMZN - AMAZON

For this stock, are we still seeing it go higher? I will bet this on the downside. Why? Using price action you can say that this is a stock with candle closing at upper wick. However look at the volume, this is not a valid move. Its abnormal. With RSI at the overbought, I believe it will consolidate and move lower in the ST.