Company round up for 27Jan2015

Lets do a round up for Company.

MSFT - Microsoft

On the 27 Jan 2015, this company announced that the estimates are in line with the expectation. However, market perceived that as bad news and after hour we saw a sell-down.

The chart shows a Dragonfly Doji. There are a lot of buying from the public. A lot of bullishness in this stock. Volume is high and it ends on the upper wick. We should see this stock absorbing all the stocks from the weak hands and should see it going up higher soon. 

YHOO - Yahoo

The charts show strength and it is making higher low. RSI shows that it is now at 52.78. It has to break resistance at 50SMA in order for a lesser risk entry. Today is the announcement for earnings, tax plan, etc. From the chart, we should be expecting some good result.

AAPL - Apple

Chart looks good. Volume is increasing as it is marched higher. Looking at the chart, we should be expecting good result. Will see 118 soon.

BABA - Alibaba

Alibaba is looking good. It is consolidating near the resistance level and it seems like good news is on the way for this stock. This stock will drag Yhoo to the upside. 

INTC - Intel Corp

The chart is showing bearishness and also consolidating. RSI dipped below the support and seems like the momentum is going downhill. Should the support break at the previous RSI 35, we should see it heading towards below 10. 

MU - Micron Technology. Inc

Currently MU is still not able to shoot pass the 200SMA at 31.26. This will be a good entry point if we see strength. Volume is decreasing as it move higher. This may prove to me a temporary upside before it goes down to 27.

Market Analysis for 27Jan2015

Dear SGWiseInvestors Fans and Readers,

The market will not slump, thanks to ECB Draghi QE. This is extremely good news for equities market as we have witness the power of QE. Buy in Dip strategy is still in the play.

INDU

We are experiencing consolidation at the moment. 10SMA and 30SMA are currently showing that it is more favourable towards downtrend. If the market is to dip, strong support will be at 17,039. Yesterday price action is very bullish. Indicating that today the market will open green.

NASDAQ

We should be experiencing bullishness in Nasdaq stock market. The market is currently making higher even though 10SMA and 30SMA are currently showing that it is more favourable towards downtrend. With more earnings like Microsoft, Yahoo, APPLE making announcement, we should see Nasdaq making new high if favourable results are to be announced.

Gold

Gold is likely to dip in near term till it reached about 1,255-1,270 support.

Do accumulate some if you have not as it is at strong uptrend.

BRENT

A lot of fan/readers ask me if bottom has been reached. My answer is temporary bottom has been reached as the chart is showing consolidation. I believe that it may consolidate for a while as I do see a lot of buying at the moment.  Fast punter may like to consider counter trade. Buy at about 45 and sell it anytime higher.