Counter Reviews for 09Feb2015

Dear SGWiseInvestors Fans and Readers,

Lets round up some of the other stocks as well.

AAPL - Apple

This stock has a good run after the good news. Where are we heading? The last Friday bar is a bearish bar with high volume. Monday price action is very important to make the next forecast for this stock. The volume is showing that a pullback is highly likely. Why? Make a comparison between last high and this high. You will notice that there is no much catalyst to push this stock higher.


VLO - Valero

We should see this breakout soon. But at the meantime I should see some pullback. It is gaining strength. There are buying in the down bar last Friday. We should see this breaking out soon.


BIDU -  BAIDU

This is one stock that you should avoid now. Looking at the last bar, it is supper bearish. It will hit 200SMA and may even break. Resistance level is at 195. Thus we should see this likely to bounce at that level.


QIHU - Qihoo

This China Stock is currently the strongest of all. It has passed 50SMA, heading towards 77.41 which is the 200SMA. This is definitely a buy at the moment.


WUBA - 58.com

This is one stock that you should avoid. It is not moving anywhere. Side-way consolidating only.
Interested buyer can buy at price 36 for short term gain.


GOOG - GOOGLE

This stock is likely to move higher with the big candle stick and also 50SMA as the support. We should see this stocks closing near 549. Volume has to come in to validate this move upwards.


FCX - Freeport McMoran

This stock is a no-touch stock. It is on a downtrend and every rebound is weak. From the RSI, we can say that this is moving down further.


NEM - Newmont Mining Corp

This stock is a BUY. Every dip, you can see it comes with a BUY. Support is at 23.04. Any break on that we should see it dip to about 22. We should see this going higher in the near term.


MSFT - Microsoft

This stock is on short Term uptrend. Volume has to come in to pass 43. At the meantime, this stock is not likely to surpass 43. Not a good punt on this stock.


SNDK - Sandisk Corp

You can buy this stock at 75 for longer term investment. It will be going down soon to retest 75 before any bounce. I believe that there will be support and a lot of BUY awaiting at 75.


GE - General Electric

This stock is moving down. Friday bearish bar confirm this.
This stock is worth a SHORT! This should go back to 23.50.


GM - General Motor

If the stock is down on Monday with increased volume. This stock is worth to short as well. Keep this stock in your radar.


GILD - Gilead Sciences Inc

Buy? Not yet. Do note of the 200SMA and see if there is any rebound? Else this stock remains a SHORT stock.

Gold - Randgold Resources Ltd

GOLD will likely dip to 75.53 which is 200SMA before any continuation of uptrend. Do keep this in your radar as well.


LNKD - LinkedIN Corp

This stock bounce to high of 272 and close at 263.40. The volume is exceptionally high which means a lot of people is offload and onloading. Monday price action of whether further uptrend or downtrend will be concluded.

Reviews on 26Nov2014

Technology Sector

AAPL - Apple

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 - Alibaba

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 - GoPro

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 - Twitter

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 - Micron

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 - Intel

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.

NFLX - NetFlix

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

MCO - MOODY

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!

C - CITIGROUP

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 - Bank of America

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.

JPM – JP MORGAN

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 – AMAZON

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.

F –FORD

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.

TSLA - Tesla

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 - Google

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.