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.

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.

Analysis on Company Level

AA – Alcoa 

Earnings forecast for this counter? We should see this moving higher especially with 4th quarter earning reporting today. So what is SGWiseInvestors forecast? We should see good news coming from Alcoa. There is high possibility that the trend will resume upwards and 30MA and 10MA will cross. This is a time to add to position and one good thing is that this trend is above 200MA.

TSLA – Tesla Motors Inc.

We should see this stocks moving down to 200 and testing the low again. The Smart Money is accumulating at price 200. Do accumulate a bit if you are medium -long term investors.

YHOO – Yahoo.Com

Hidden GEM! This stock will be accumulating and ranging side-way for the moment. This has accumulated for 2 months and we should see the breakout soon. With tax plan, earnings (on 27 Jan 2015) and merger acquisition rumor/ plan , we should see this going higher. We should see it going to 60 by this two months.

BABA – Alibaba

Consolidating sideway. Support is at 100. Currently the Smart Money is accumulating this shares. Currently there is a lot of indecision in this stocks. Mid-Long term investors can look to accumulate at 100-102 range. RSI is showing weak momentum. Stochastic is showing that it is moving higher. As such, Sgwiseinvestors will advise to sit on the sideline till further confirmation of upward trend is obtained.

AAPL – Apple 

Should we buy this counter? This stock is not yet a buy. We should see this consolidating sideway. Bears are selling at 112-115 range. Need to breakout above there in order to meet 120 high.

TWTR - Twitter

Bottom Fishing or bounce? This stock looks good. The bottom has been reached and the candle looks good with healthy volume. Looks like it is looking to close the gap at 44-48 range. 10MA and 30 MA is going to cross. This is a BUY.

Qihu – Qihoo 360 

It is now consolidating sideway. This stock is not for swing trading. Rather good for investments.

Buy at 56 and below , sell at 60.

MU – Micron 

What is expected after earnings? We believe this will be going down to 30.89 which is the support at 200MA before the next leg of uptrend will be resume. Testing fails and moreover 30SMA and 10SMA shows that we are going downtrend. This will be short for the moment.

  

INTC – Intel

Holding well. This is going higher. Despite Friday sell off, this is holding well with a DOJI. Buyers are not letting go of the stocks. We should see this moving higher esp with more earnings in place. We should see this hitting 40 in no time.

Reviews on 26Dec14

BABA – Alibaba

This stock is at support near 50 which is currently at 48.03. Moreover it is now at 50MA support.

This week is a crucial week for BABA as whether it will pop up or go down to below 100. We reiteriate bullish view on BABA. MACD  is looking to crossover and we will need that to move higher. This stock has been consolidating for months and it looks like it is ready to move with YHOO moving up as well.

YHOO - Yahoo

Consolidating since Mid November and RSI shows that support is at 50dollars. MACD is not crossover yet.Volume is low as it is festive month and traders are not actively trading. If this week we see MACD crossover or a spike up in the price, this stock is likely to breakout and should see 60 soon. 

In Trading, I learned cause and effect. If there is consolidating sideway (accumulation in this case), we should see this as a strong support and moving higher gradually.

WUBA – 58.com

This stock is a buy if the price shoots above 200SMA 43.50. Currently is is consolidating sideway. This is maybe due to MOMO selling pressure that leads to decline in BABA and also WUBA. MOMO selling pressure seems to be ending and this few days we saw Smart Money moving in. Thus we should see it moving real fast and moving towards 20 soon.

QIHU – QIHOO360

This stock is very volatile and looks good to move higher. RSI indicated that the stocks is gaining momentum and is likely to zoom past RSI 50 hurdle. MACD indicated that that buying is in place. 

Volume increases as prices is going up. We should see this stock meeting  72 high as first hurdle. 

With its acquisition of Coolpad and also the implementation of Voip we should see it gaining strong market cap for mobile sector. This is a BUY!!

FB – Facebook

Facebook has been moving strongly upwards lately. This stock has abit of selling pressure on Wednesday. Next candlestick is indication of resume of upward trend or selling comes. We should see it consolidating sideway. It seems to us that there is more room for upward.

TWTR - Twitter

This stock is currently near support at 45.26 RSI. This stock has abit of selling pressure on Wednesday. Next candlestick is indication of resume of upward trend or selling comes. We should see it consolidating sideway. It seems to us that there is more room for upward. MACD has crossover, indicating that it is buying that is underway.

APPL – Apple

This stock is currently at support. It is consolidating sideway at 111-112 range. Low volume is indicated with dips. Thus we should see this supported and there is more room for upward. 50MA has been a strong support and this will be a critical support. 

GPRO - GOPRO

Love this stock. This stock has been on the strong uptrend. Within 3 days, it moved up more than 10 dollars.we should see it moving toward 70. Volume indicated that there are more upside. RSI indicated that it is moving upwards and MACD has just crossed. We should see this meeting 80 in months to come. 

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.

Reviews for 09Dec2014

Dear all fans and readers of SGWiseInvestors,

Yesterday is a super day for Traders as we witness continuation of selling of energy stocks that led to Dow loss.  Gold which is a gauge of sentiment for fear inches up and closed at 1,229. NASDAQ closed on positive note. Penny stocks lead the Dow and trims the loss and closed at 51 points. We can see that although there are no reversal yet but we can say that there are buyers at this support level at 17,801. We will have to see today’s candle to confirm on the reversal or continuation of the ST downtrend.

From the above chart, we can say that there are absorption volume at 17,600 and this is a big support at the moment. This is accompanied by high volume and believe that today will be a higher probability that market will be going higher.

XAU - Gold

Is Gold heading up or down? Gold increased the past few days and I did indicated earlier on that Gold is going to soar to around 1221. However, we can see the increase in volume. This shows that the fear of the oil issue is not over yet. We may expect some news soon. We should see gold testing 200SMA at 1271. If the increase in volume persist, then we should see it test 1300 in the near term.

Brent – Brent Crude Oil

What happened to Brent Crude Oil!? It's heading downwards again? Yesterday we witness bounce in $Brent and this led to Dow Jones trim its loss. Will we see it bouncing up? The chart is not looking good and yesterday bounce is accompanied by only average volume. We hope to see more volume coming in and this may lead to reversal. At the meantime, any bounce is for more short. We may see the bounce to 76 to close gap and thereafter further downtrend to continue.

China Stocks round-up

WUBA - 58.com

Emerging buyers! Let us touch on the first stock, WUBA. This stock is likely to bounce higher. This stock dip to below 42 and closed with a white candle on the upper wick. The only worrying about this stock is there is no high volume during the absorption. Thus we have to wait on wed closing candle to determine if this is a buying signal.

BABA – Alibaba

If you did follow our post for BABA, you will be able to link them all together. And now, is this a buy signal for us? This stock has found support at 101.25 and bounce off, closing at 107.48. The volume shows increase in buyers. The candle body is wide and this shows the bullish sentiment of the stock. We believe that the stock has reversed and is on the way to higher high. The first resistance is at 110 and subsequently is 115. If the stock is bullish enough, this stock will test 120 in no time and making ALL time high.

Qihu – Qihoo

This counter is going to bounce like on a trampoline? This is a counter-trend approach. Meaning to say, the stock is currently in the downtrend and traders are targeting fast profit. This kind of risk is higher as traders are catching falling knifes. Predicting the bottom. But if the prediction is correct then this will a huge profit for the risk taker.

FB - Facebook

What about Facebook? Can we buy now? One of my followers in Stocktwits ask me about this stock and whether if it is time to enter. The answer is NO. There is no buy signal yet. Investors who is afraid to lose boarding the train and do not mind locking their funds can buy in this stock at support price 72-74 range. For Breakout trade, look for about 78 to enter. Do note volume must be high (about twice the current volume).

TWTR – Twitter 

Another counter-trend play. This stock is currently in the downtrend. Yesterday price action has indicated that bottom has reached. The support is at 34.62. It closed with wide body and at the upper wick of the candle stick. Volume is quite decent. If volume is to come in, together with more buyers, we should see it closed gap at 46-48 before continuation of the downtrend.

AAPL – Apple

Has APPL reached the support required? One of my followers in Stocktwits ask me about this stock and whether if it is time to enter. The answer is YES. There is buy signal yesterday. Bottom/ support is at around 110. If the stock is closing on a positive note today, we can expect this stock to gain strength and test 120 once day.

TSLA – Tesla Motors Inc

Heading up or down at the bottom? Support is at 205 and we should see this stock bounce to around 231-240 and downtrend will resume. Unless we see buyers coming and increase in volume. Else we should see more downside for this stock.