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 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. 

Views on 03Dec2014

BABA - Alibaba

I made a call on ALIBABA yesterday. Did you follow it? This stock is currently range bound and will resume this for a while. This stock is likely to consolidate till MOMO IPO on the 12 DEC 2014. Do load up on this stock ranging 105-107. This stock will soar together with MOMO shares. Do remember this ALIBABA has stake on MOMO. The other stock that has invested in MOMO is also WUBA.

WUBA – 58.com

I love this stock the most. This stock is moving up. I can see a lot of buying for every dip. Absorption volume yesterday showed that there are buyer secretly buying at 45 -47 range. This is gaining strength to breakout the 49 price and will close the gap at 50-51. This stock is likely to test the high of 57.50. Especially with MOMO shares IPO in place, this stock is going to breakout in no time.

FB – Facebook

More Strength and more buying is needed for FB to move uptrend short-term. The need for the 10SMA and 30SMA is needed to persuade traders to buy in more. This stock have higher probability for the upside. We should see it test 80 soon.

AAPL - Apple

Anyone following this? Apple looks to have reversed yesterday. There is a white candle and this shows that the stock is likely to pause at that price. It is likely to test 120 soon. Volume shows that there are a lot of buying at 113 – 114 range. Punters can look to punt this stock. Target price is 119.

MU - Micron

This stock still remains strong. From the chart I can see that the recent dip has created more buying opportunity. Yesterday price action has indicated that it is likely to breakout above 36.22. Breakout Trader can look at this price and with good volume we should see new high and we may approach for 37 soon.

INTC - Intel

INTC is a better stock than MU. There is a lot of buying and it is inching up slowly. Despite the recently tech sell-down on 01 DEC 2014, we see little drop in this stock. We should see this breakout soon. Volume is high and we see strength in this stock.

NFLX - Netflix

This stock tested the low at 330-340 range and now it is going up. This stock is short-term bearish and we should see it rebound to 350-370 range. Any price around this area please add more shorts. We should see it going down further. We will definitely see it failure to hold to the previous low at 331.

AMZN - Amazon

I see this stock going higher. Yesterday price action has indicated that the selling may have finished. We should see it testing 340 soon. Today white candle will confirm if this stock will resume higer.