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. 

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.

Technology Counter Reviews

BABA - Alibaba

Is Alibaba a sinking ship now? The stock is temporarily bearish. It is moving sideway for the meantime. The increase in the body and the increase in volume has shown that more downside is expected. We may see a test to 103.90 coming. Do note that that MOMO IPO is coming on 12 Dec 2014. I believe that this dip is for more passengers to board it before it moved to next destination on the uptrend.

WUBA - 58.com

Yesterday I was so excited by the performance of this stock. It is soaring. However the overall performance is bearish. Why? because it closes mid to lower of the wick. Looking at the volume there is not much shares changes hand and below that is purely marked up by retailer. I see it moving higher with increase in volume. 

Qihu - Qihoo

Going downward? This stock has been underperforming after the 3rd quarter earnings report? when will it go up?

I am seeing this turing soon. I want to see a bullish candle and this stock is due to reverse. why do i say it will reverse. Simple - look at the volume. It is moving to lower low with decrease in volume.There is lack of participation from Smart Money. Every dip there is a wick. This is showing that there are buying at the backscene. We should see this testing 62.50 and we will see the reverse. 

INTC - Intel and MU - Micron

Both are inching higher and higher! These two technology stocks are moving higher. There may be pullback due to lower volume. But I believe this stock should see new high and increase in bullish sentiments.  

FB - Facebook

Yesterday is a buy signal triggered for FB. We can see that 10SMA and 30SMA has crossed. Increase in volume has proven that the move upwards is genuine. This stock will test 78 and soon hit 80 to close the gap. Next week is still not late to go in. Watch!

TWTR - Twitter

Nice uptrend from TWTR. We can see that the 10SMA and 30SMA is crossing as it narrows.

We should see volume coming in at slightly below 200SMA 44.10. It has to create a breakout in order to surpass the resistance to fill up the gap 48.

Recommended price:

Buy at 44.11 (support)

Target is 48

Stoploss is 44.

AAPL – APPLE

We saw a dip in APPL. Is this falling? There is no much movement as it is showing that it is between the Trader Zone (between 10SMA and 30SMA). We will like to see bullish candlestick here. As long as the uptrend is intact, this stock remains potential to break 120 in time to come. 

Chinese Semi-Conductor Stocks

WUBA – 58.com (SGWiseInvestors made Buy call on this since 16 Nov 2014)

This Chinese stock has great potential to run further. We made a call on this stock since 03 Nov 2014. However we see more room to upside. We should see it testing 55 in no time. There are buyer who has been secretly accumulating the stock. Do note the gap will be filled once it reached 50.

Recommended Price:

Buy at support 48.

Target price is 55.

Stop loss is 44.50.

BABA – Alibaba

This stock has create a lot of frustration to a lot of investors. You want to know whether if it will be breakout to the upside? It is currently in accumulation mode. There are decrease in the price together with decrease in volume. This indicate that there is a high chance that the stock is reversing soon.

We should see buyers and speculators coming in to push the price higher soon.

Recommended Price:

Buy at 110-112 support.

Target price is 120.

Stop loss is below 107.

QIHU– Qihoo 360 Technology

After the announcement of good 3rd quarter earnings, this stock bounced off the low at about 67 to 74

I can say that currently it will pause/consolidate for a while and soon it will break out to the upside. The chart is very similar to WUBA.

Recommended Price:

Buy at 77 when it turned support.

Target price is 87.

Stoploss is 72.

Forecast for 24Nov14 to 28Nov14

Welcome to SGWiseInvestor once again. 

Yesterday we have news from China (ie hike in interest rate) and Europe (Draghi indicating that more stimulus had been implemented). Lets us look at how they close yesterday.

DOW JONES FORECAST

SPY – DOW JONES Daily Chart (a)

 SPY – DOW JONES Hourly chart (b)

Let me have a briefing of what we will expect DOW JONES next week? More upside or downside?

From the Daily Chart (a) we can see that there is a gap up and closes off below with high volume. This is a bearish signal. In order to see if it is Demand or Supply, we have to drill more into the Hourly Chart (b).Gap is filled on the hourly chart with shadow decreasing and BUY bar with high volume. Smart Money are pushing it down for more buying. We should see more upside this week or at least consolidating. Every DIP is a buy.

China Stocks

BABA – Downward Pressure?

BABA shares has been on the pullback on the past few days. Yesterday pullback indicated BEARISH signal. However this is accompanied by decrease in shares. Do you see high volume shares with big dip?

It is just purely marking down by money market and creating fear to retailers and also short term holder to protect their gains. However, from my point of view this is just a pullback for more entry. Always remember the cause and effect. In order for a stock to move it has to accumulate enough, test the background if there is any supply before the next explosive big move will come.

WUBA – 58.com

WUBA rises to high of 47.34 before closing at 46.28. what is your view? My view for this is that there will be consolidating at the moment. Monday should be a pullback unless big volume from Smart Money comes in. Yesterday candle indicated that there is not enough strength and lag of participation from the Smart Money. It will likely pullback slightly before approaching the resistance with stronger volume. Yesterday move is basically retailer pushing up the price together with the good news from China and Europe. They closed their position before the market closes. There are still some holder thinking it will rise forward.

Qihu

There are continuation of buying pressure. However it will be consolidating for the time being. We should see further upside coming soon. It will test 75 and target should be 88. Long Term investor can invest a bit of money in this as it is a company good at their earnings.


SEMI-CONDUCTOR

INTC –INTEL

What is coming next?

Daily Chart

2-hours Chart

5-mins Chart

INTC share fell when DOW JONES are Strong. From the Daily Chart we can see that when it reaches 36.5 high, it is pushed down by the BEAR with high volume. BEARISH indeed. We will have to drill down to 2 hours Chart and to my surprise I see that the down bar is accompanied by the decrease volume. Doji appears and that shows that strength is behind the background. I attached the 5 mins chart to show all readers who come to my blog that the shares are currently consolidating at support 35.50 big support. We should be seeing more upside in the coming weeks.

MU – MICRON

Love this chart. MICRON is now the strongest in semi-conductor list. INTC is currently in Moderate Bearish mode. From the chart above, yesterday up bar is accompanied with high volume. This is good news. It’s a no-brainer. We are going to test for 35 next week for sure given the strength. We should be seeing a breakout above 35.

FB - Facebook

FB is consolidating sideway.  Yesterday price action shows that is closing higher low with increase in volume. Monday will likely be a down as I can see that there are selling. The overall is still in downtrend as such it will be good to hold short rather than long until 30SMA cross over 10SMA. Overall look for this share is bearish.

TWTR - Twitter

It seems like Twitter has reached the bottom and consolidating sideway. It is not ready to move up yet. Long-term investor can look at this support and buy some. There should be a dip coming soon when the 30SMA and 10SMA cross over. (this is the supply test). Thereafter it will march higher and looking at 46 price target to fill up the gap

GPRO - GOPRO

GPRO is currently bearish. There are continuous selling. One good thing is that the volume decrease as compare to the day before. However, do not act on impulse and be greedy. There are still room for it to reach 65. Short term investor should buy at this level for minimal risk and high rewards. Price target is 86.

NFLX - Netflix

This stock is going down! There are a lot of selling pressures at the moment. It will test 350 in the coming week and probably 330 in a month time. More downside expected. Unless we hear some rumors or merger announcement else there is unlikely to have any reversal at the moment.

Financial Sectors

C - Citigroup

Citibank is not ready to move. The accumulation is not done yet. Buy at Support at 52. Short Term Trader – 54. We should see it burst to the upside in no time. We should see at least 60 given the length of the accumulation.

BAC - Bank of America Corp

BAC has Morning Star candlestick with high volume. Good that it is not explosively high. However this may indicate more downside pressure coming. If the downside pressure can go below 16.80 we should be seeing it dipping to 16.12.

JPM - JP Morgan

There is a big pullback with increase in volume. Bearish. Although it is still in the uptrend, believe on the short run it will be consolidating sideway.

Overall:

Financial markets are lagging behind DOW JONES. You may not get the risk and reward that you want. I view for this is that currently there is no indication that financial will lead and breakout. Thus I will risk my money for short run. Mid-term is justifiable as I can see further upsides.

Consumer Sector

EBAY

Support is at around 54. Short Term trader can look at 25-54 range for swing trade. This stock is keen for further upside. Watch! It will test for 57 in a few week time.

PG – Proctor & Gamble Co

Short Term Trader should look at price at around 87 to 88 for swing trade. This stock is keen for further upside. Watch!

AMZN - Amazon

Short Term Trader should look at price at around 328 for swing trade. Monday should be a day when the stock dip. Look out for buying opportunity in this stock. This stock is keen for further upside.

TSLA  -TESLA

Monday this stock will dip lower because there is increase in selling pressure. If the share price dip and close with white candle, indicate that there is buying pressure. You may want to buy and hold. The stock will increase gradually given the volatility of the shares.