kgiap123

kgiap123 Updated 

- FB fail to break double top resistance - Formed bearish shooting star candle (www.investopedia.com) Decision :- Wait to see what the next candle following a shooting star. May take profit if the price falls below shooting star candle.

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Another breakout from CL1. Equities related to Oil are following the trend... UP UP...

kgiap123

Bearish news for Facebook... Bear is attacking (-ve force index) However, significant buyer managed to push the bearish candle to form Hammer at support area (162- 164) Overall, still above key moving average. My plan is to monitor and reduce position or cut if below 160.

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+ Daily and Weekly chart bounce nicely above key EMA + Price breaks flag pattern and bullish candle looks solid with small tail. Bull is quite decisive + Volume increase and stay above average in last 2 days + ATOM breaks and stay above upper level (Sign of rally) Expect to test 172 level then 182.

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+ Price bounce from EMA200 at Stochastic oversold region + Price increase exceed last 2 candles.

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Bullish reversal looks good.... accumulating. + Fundamentally strong with good Earning Report. + Formed Higher High and testing 152 resistance. + Price bounce and remain above EMA50. + EMA20 crosses above EMA50. + Another Buy signal appears on ATOM/Bollinger Band. BULL to not giving up testing the resistance. + Buying force has improved significantly. -...

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+ Price breaking out from down trend channel, but it's not supported by volume and there's no higher low or higher high form so far. + Some sign of +ve Force index in last few weeks.. I would standby to go long if the price able to break next resistance area and retest (resistance turned support)...

kgiap123 Updated 

AMD - Hits first target @ 19.00 Evening Star Doji Pattern (www.investopedia.com) potentially formed. Price might pullback to test Resistance Turned Support at 17.40 level (~0.618 Fibo Retracement point 15.7 to 19.9) Took profit.. Wait for pullback around 17.4 area and re-enter if there's sign of reversal.

kgiap123 Updated 

AMD has been ranging between 10 to 15 since Jan 2017. Finally break the resistance around mid June 2018. Price make a pullback to retest and bounce from resistance turned support... Expect to rally to 19 then 21 if price able to maintain above 15.5 (Resistance turned Support) area. Wait for reversal signal and go long around 15.5 area.

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Another "candidate" for Buy on DIP - IQ Price slides ~30% from mid June peak @ 46. Price retrace to 50% Fibo level. Support at 30 level looks solid Price stay above EMA50 and starting to cross above EMA20. Volume is picking up. ~50m traded exceed 40m moving average. No sell signal from Bollinger Band indicator.. Price closes above high of last 2 candles for...

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Bullish Engulf at strong support around 30. Volume build up and Force index turned +ve. Oversold and recent candle solid with short tail (marubozu). Individual candle showing Higher High, Higher Low.. Neutral Bollinger band. Accumulate 50%.. Good entry around 32..

kgiap123 Updated 

Micron has gone through few weeks of consolidation after good run in 2017. Potential breakout from triangle with Reward over Risk > 2. Currently, It's Oversold and showing growing volume indicating BULL is coming back. Breakout also seen at Bollinger Band indicator.. Target is around $56. Suggest partial buy at breakout.

kgiap123 Updated 

Sign of recovering in CELG. 1 - Oversold with sign of selling climax over. Strong support around 93-95. 2 - Force index still negative but improving. Buyers is back - Force Index moving towards +ve . 3 - Price still below EMA50 and 200 but starting to break above EMA20 resistance with Gap up. 4 - First Turtle Buy Signal out since 25 Sep 5 - Price cross upper...

kgiap123 Updated 

AMAT seems like rebounding. +Breakout from Triangle pattern. +Price break and move above EMA20 & EMA50 -But volume is not significant + Buy signal appears on Bollinger Band + Force index turned +ve - Bull gaining momentum + Oscillator suggest selling is overdone (oversold) Suggest partial buy.

kgiap123 Updated 

MRO makes new higher high Trend reversal confirmed. Hit first target but not overbought. Bollinger Band and Force index maintained +ve. Expect to retrace to find new support before move to next higher target.

kgiap123 Updated 

+Baba broke triple top resistance at 192 with significant Volume = Causing upswing rally. +Broke psychological resistance at 200. +EMA20 > EMA50 = Bullish +Price is above EMA20 Very Bullish +Broadening gap between EMA20 and EMA50 suggest BABA is ready to continue to be bullish. HOWEVER -Currently tested Uptrend Channel Resistance -Price extended to far above...

kgiap123 Updated 

Potential Reversal in MOMO. . + EMA20 Crossed Above EMA50 + Price stay above EMA20, RMA50 and EMA200 + Price broke Downtrend Line and making Higher High + Price making Lower Low and tested Uptrend Line several times. + Nice Volume + Break Upper Bollinger Band + Strong +ve Force Index. Expect to pull back a little to test EMA20 and make another Higher Low before...

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Update from previous posting - - Price moving as expected. - Heading towards psychological resistance at 12K level. - Force Index stay +ve. Buying interest building up slowing. Further buy if break 12K level.