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.

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 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.

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.