Will_Wong

Will_Wong

AAPL just completed an iHnS pattern with a target of $124.73. Next target is $128++ which is the upper trendline. A cup and handle pattern (handle a bit too short) might take the stock to $134.

Will_Wong

Two consecutive bullish haramis on the eve of Q1 earnings report pretty much gave the game away. On the day of the earnings report (earnings report due after market close), DIS gapped up and closed the day $2 up at $94.10. After hours stock price shot up to $98++. The next day, DIS gapped up to open in the $99++. Huge volume accompanied this breakaway gap. Took...

Will_Wong

The Chart shows two multi-year low for Volatility. The first one was in December of 2006 and the latest one was in June 2014. Following the multi-year lows, one can see how volatility started to rise over a period of 6 months from Dec 2006 to July of 2007. For the next 11 months, it zig zag up and down to form a higher volatility base before blowing up in Aug of...

Will_Wong

The strength of the US Dollar girds the stock market. There is no requirement that wave 5 is to be shorter than wave 3. The only rule is that wave 3 is not the shortest. But the fact is that with the end of QE and the impending rate rise, the only way for the USD is up. Nothing moves in a straight line and if and when the corrective ABC happens, I would be looking...

Will_Wong

With Disney's earnings due on Tuesday 11/3/2014 expected to break records on the back of record breaking performances from the theme parks and studios (Frozen and Guardians of the Galaxy) and trailers of Marvel future releases, Disney is expected to break the 52-week high just recently established on Friday 10/31/2014 thanks to the Halloween treat from the BOJ.

Will_Wong

Volatility has been rising in the stock market lately with the market spooked by a few things including Ukraine, ISIS, and now Ebola. A Cup and handle pattern could be potentially forming with the Cup already cooked. Next week, there could be a dead cat bounce from an oversold market, thereby forming the down part of the handle.

Will_Wong

DIS was motoring very nicely towards $93~94 towards the upper channel until about two weeks ago when it broke through a couple of supporting trend lines. A sharp drop on 10/2/2014 of almost $3 saw it hit the lowest of the channels. A break of this support would see it falling all the way to $82.50 or lower. As such, it is imperative that this lowest channel hold...