Stocks report by HY Markets

Mike Lancy

Active member
HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
• Goldman Sachs broke pivotal support level 203.00
• Likely to fall to 195.00

Goldman Sachs recently broke the pivotal support level 203.00 (which reversed earlier waves (A) and 1, as you can see below). The breakout of this support level led to the breakout of the 38.2% Fibonacci Correction of the previous intermediate (C)-wave from the start of February. These two breakouts should accelerate the active minor impulse wave 3 of the intermediate (C)-wave from July (which earlier broke the daily up channel from January). Goldman Sachs is likely to fall further to the next support level 195.00 (target price for the completion of wave 3).

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Mike Lancy

Active member
HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
• Goldman Sachs broke pivotal support level 203.00
• Likely to fall to 195.00

Goldman Sachs recently broke the pivotal support level 203.00 (which reversed earlier waves (A) and 1, as you can see below). The breakout of this support level led to the breakout of the 38.2% Fibonacci Correction of the previous intermediate (C)-wave from the start of February. These two breakouts should accelerate the active minor impulse wave 3 of the intermediate (C)-wave from July (which earlier broke the daily up channel from January). Goldman Sachs is likely to fall further to the next support level 195.00 (target price for the completion of wave 3).

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Mike Lancy

Active member
HYMARKETS Stocks Report: Intel Corporation
• Intel reversed from resistance level 29.30
• Likely to fall to 28.00

Intel recently reversed down from the pivotal resistance level 29.30 (former major support level which stopped the previous intermediate (A)-wave in March and which has been reversing the price from the end of July, as you can see below). The downward reversal from the resistance level 29.30 stopped the earlier minor ABC correction 2 – starting the active minor impulse wave 3 (which belongs to the intermediate (C)-wave from June). Intel is likely to fall to the next support level 28.00.

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Mike Lancy

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HYMARKETS Stocks Report: Bank of America Corp
• Bank of America reversed from support zone
• Likely to rise to 18.00 and 18.50

Bank of America recently reversed up sharply from the support zone lying between support level 17.00, the lower daily Bollinger Band and the Fibonacci cluster made out of the 61.8% Fibonacci Correction of the previous impulse wave (i) and 38.2% Fibonacci retracement of the longer-term upward impulse from January (as you can see below). The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer – thereby completing the previous wave (ii). The price is likely to rise to the next resistance levels 18.00 and 18.50.
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Mike Lancy

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HYMARKETS Stocks Report: Google Inc
• Google rises inside impulse wave (3))
• Likely to rise to 672.00 and 700.00

Google recently rose sharply – in line with our previous forecast for this company – breaking through the resistance level 660.00 and reaching the next resistance level 672.00 (which reversed the previous sharp minor impulse wave 1 in July). Due to the strength of the resistance level 672.00 – Google immediately reversed down from this price level. The price is likely to resume the predominant uptrend and retest the resistance level 672.00 – the breakout of which can lead to further gains toward 700.00 (target price for the completion of the active intermediate impulse wave (3)).

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Mike Lancy

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HYMARKETS Stocks Report: Exxon Mobil Corp
• Exxon broke support level 76.30
• Likely to fall to 73.00

Exxon recently broke through the support level 76.30 – which was set in our previous report as the expected target for the downward movement of this company. The breakout of this support level coincided with the breakout of the support trendline of the extended daily down channel from last year – which has enclosed the most of the active primary impulse sequence. Exxon is likely to fall further in the active impulse waves 3 and (3) toward the next support level 73.00. Sell stop-loss can be placed above 76.30.

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Mike Lancy

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HYMARKETS Stocks Report: Microsoft Corp
? Microsoft reversed from major support level 40.30
? Likely to rise to 45.00

Microsoft recently reversed up sharply from the major support level 40.30 (which reversed previous waves 3 and (1) in January and April, as you can see from the daily Microsoft chart below). The sharp upward reversal from this support level started the active minor corrective wave (ii) - which recently broke the pivotal resistance level 43.00 (former strong support level which stopped the previous minor impulse wave 1 in July) and the 38.2% Fibonacci Correction of the previous impulse (i). Microsoft is likely to rise further to the next resistance level 45.00.

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Mike Lancy

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HYMARKETS Stocks Report: Bank of America Corp
? Bank of America broke resistance level 16.20
? Likely to rise to 17.00

Bank of America recently reversed up sharply from the pivotal support level 15.00 (which has been reversing the price from August of 2014 ? stopping previous waves 2 and A, as you can see below). The latest upward reversal from the support level 15.00 completed the previous intermediate ABC correction (2) - starting the active impulse wave (3) - which recently broke through the resistance level 16.20 (former monthly low from July). Bank of America is likely to rise further to the next resistance level 17.00. Buy stop-loss can be placed below 16.20.

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Mike Lancy

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HYMARKETS Stocks Report: American Express Co
? American Express reversed from resistance zone
? Likely to fall to 72.00

American Express recently reversed down from the resistance zone lying between the resistance level 77.00 and the 50% Fibonacci Correction of the previous sharp downward impulse wave 1 from the middle of August (which itself started from the pivotal resistance level 81.30). The downward reversal from this resistance zone completed the latest minor correction 2 ? starting the active impulse wave 3 (which belongs to the intermediate impulse (3) from June). American Express is likely to fall to the next support level 72.00 (low of the earlier impulse wave 1).

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Mike Lancy

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HYMARKETS Stocks Report: Coca-Cola Co/The
? Coca-Cola reversed from resistance zone
? Likely to fall to 38.00

Coca-Cola recently reversed down twice from the resistance zone lying between the resistance level 39.30 (former monthly low from June and July) and the 50% Fibonacci correction of the previous sharp minor impulse wave (1) from the start of August. The downward reversal from this resistance zone completed the previous intermediate correction (2) - starting the active impulse wave (3) (which belongs to the primary downward impulse ③). Coca-Cola is likely to fall further to the next support level 38.00.

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Mike Lancy

Active member
HYMARKETS Stocks Report: Exxon Mobil Corp
? Exxon reversed from resistance zone
? Likely to fall to 70.00

Exxon recently reversed down from the resistance zone lying between the resistance level 76.00, the 38.2% Fibonacci Correction of the previous sharp intermediate impulse wave (1) from April and the lower channel line of the daily down channel from 2014 (acting as resistance now after it was broken by the previous impulse wave 5). The downward reversal from this resistance zone completed the previous A-wave of the active ABC correction (2). Exxon is likely to fall to the next support level 70.00 (target price for the completion of the active B-wave).

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Mike Lancy

Active member
HYMARKETS Stocks Report: Bank of America Corp
? Bank of America reversed from support level 15.50
? Likely to rise to 16.50

Bank of America recently reversed up twice form the support zone lying between the support level 15.50 and the 50% Fibonacci Correction of the previous sharp upward impulse wave 1 from the middle of August. The upward reversal from this support zone completed the earlier minor corrective wave 2 of the active intermediate impulse wave (3). Bank of America is likely to rise further in the active impulse waves 3 and (3) toward the next resistance level 16.50 (which stopped the previous impulse wave 1 at the end of August).

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Mike Lancy

Active member
HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
? Goldman Sachs reached resistance level 190.00
? Likely to correct down to 180.00

Goldman Sachs recently reversed down from the resistance level 190.00 (high of the previous impulse wave (1), which was set in our previous forecast as the likely target for the upward movement of this company). The resistance zone near the resistance level 190.00 was strengthened by the 38.2% Fibonacci Correction of the previous sharp primary ABC correction ② from June. Given the strength of the resistance zone near 190.00 -Goldman Sachs can be expected to correct down further to the nearby support level 180.00.

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Mike Lancy

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HYMARKETS Stocks Report: Google Inc

? Google reversed from support zone near 600.00
? Likely to rise to 640.00

Google recently reversed up twice from the support zone located at the intersection of the round support level 600.00 and the 61.8% Fibonacci Correction of the previous sharp upward impulse wave 1 from August. The upward reversal from this support zone completed the previous minor correction 2 (which belongs to the 3rd intermediate impulse wave (3) from last month). Google is likely to rise further in the active impulse waves 3 and (3) toward the next resistance level 640.00 (which stopped the aforementioned impulse wave 1).
 

Mike Lancy

Active member
HYMARKETS Stocks Report: Apple Inc.
? Apple rises inside impulse waves (3) and ③
? Further gains likely toward 120.00

Apple has been rising in the last few trading sessions inside the 3rd intermediate impulse wave (3) ? which belongs to the 3rd primary impulse wave ③ from August. This primary impulse started when the price reversed up sharply from the support zone surrounding the pivotal support level 95.00 (which also previously reversed the price in September and October of 2014, as you can see below). Apple is likely to rise further in the active impulse waves (3) and ③ toward the next pivotal price level 120.00 (which reversed earlier waves (iv), (A) and (1)).

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Mike Lancy

Active member
HYMARKETS Stocks Report: Intel Corporation

• Intel closed above pivotal resistance level 29.50
• Likely to rise to 31.00

Intel yesterday closed above the pivotal price level 29.50 (which has been reversing the price from the end of March, as you can see from the daily Intel chart below). The breakout of this price level is likely to further accelerate the active intermediate impulse wave (3), which belongs to the primary impulse wave ③ from last month. Intel is likely to rise further in the active impulse waves (3) and ③ toward the next resistance level at 31.00 (former low of wave 1 from June). Buy stop-loss can be placed below 29.50.

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Mike Lancy

Active member
HYMARKETS Stocks Report: Bank of America Corp
• Bank of America reversed from resistance level 16.50
• Likely to fall to 15.50

Bank of America recently reversed down sharply – after reaching the resistance level 16.50, which was set in our previous report as the likely target for the upward movement of this company. The resistance zone near the resistance level 16.50 was further strengthened by the 50% Fibonacci Correction of the previous sharp downward impulse wave (1) from July. The last downward reversal from 16.50 started the active B-wave. Bank of America is likely to fall further inside this B-wave toward the next support level 15.50 (which reversed the price at the start of September).

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Mike Lancy

Active member
HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
• Goldman Sachs approached support level 180.00
• Likely to fall to 172.00

Goldman Sachs recently corrected down strongly – nearly reaching the support level 180.00 (which was set in our previous forecast as the likely target for the downward movement of this company). The latest C-wave started earlier this month – when Goldman Sachs reversed down from the pivotal resistance level 190.00 (top of earlier impulse (1)) – strengthened by 38.2% Fibonacci correction of the preceding primary ABC correction ②. If the price breaks below 180.00 – it can then fall to the next support level 172.00. Alternatively, Goldman Sachs can re-test the resistance at 190.00.

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Mike Lancy

Active member
HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
• Goldman Sachs broke support level 180.00
• Likely to fall to 172.00

Goldman Sachs has been falling in the last few trading sessions – following the earlier breakout of the support level 180.00 (mentioned in our previous forecast for Goldman Sachs, lower boundary of the sideways price range inside which the price has been trading from the end of August). The breakout of this price range accelerated the C-wave of the active intermediate ABC correction (2). With the accelerating downward Momentum - Goldman Sachs can be expected to fall further in the active C-wave toward the next pivotal support level 172.00 (low of earlier waves ② and (2)).

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Mike Lancy

Active member
HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
• Goldman Sachs broke support level 180.00
• Likely to fall to 172.00

Goldman Sachs has been falling in the last few trading sessions – following the earlier breakout of the support level 180.00 (mentioned in our previous forecast for Goldman Sachs, lower boundary of the sideways price range inside which the price has been trading from the end of August). The breakout of this price range accelerated the C-wave of the active intermediate ABC correction (2). With the accelerating downward Momentum - Goldman Sachs can be expected to fall further in the active C-wave toward the next pivotal support level 172.00 (low of earlier waves ② and (2)).

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Mike Lancy

Active member
HYMARKETS Stocks Report: Google Inc
• Google broke round support level 600.00
• Likely to fall to 580.00

Google has been falling sharply in the last 2 days inside the C-wave of the intermediate ABC correction (2), which started earlier this month – when Google reversed down from the resistance level 640.00 (which also previously reversed the price at the end of August, as you can see below). The active C-wave yesterday broke the round support level 600.00 – which should strengthen the bearish pressure on Google in the coming trading sessions. Google is likely to fall further to the next support level 580.00 (target price calculated for the completion of wave C).

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Mike Lancy

Active member
HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
• Goldman Sachs reached pivotal support level 172.00
• Likely to fall to 165.00 and 160.00

Goldman Sachs has been falling sharply inside the 3rd intermediate impulse wave (3). This impulse wave earlier broke the support level 180.00 – which intensified the bearish pressure on Goldman Sachs. The active impulse wave (3) yesterday reached the pivotal support level 172.00, which was set previously as the likely target for the downward movement of this company. The price then fell shortly to 170.00 – from where it reversed up – forming the daily Hammer. Goldman Sachs is likely to fall further to the next support levels 165.00 and 160.00. Alternatively, the upward correction to 180.00 is likely.

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Mike Lancy

Active member
HYMARKETS Stocks Report: Amazon.com, Inc.
• Amazon reversed from support zone
• Likely to rise to 550.00

Amazon recently reversed up strongly from the combined support zone lying at the intersection of the following support levels: the round support level 500.00, lower daily Bollinger Band, 50% Fibonacci Correction of the previous sharp intermediate impulse wave (1) from the end of August and the support trendline of the daily up channel from January. The upward reversal form this support zone completed the previous intermediate ABC correction (2). Amazon is likely to rise further in the active impulse wave (3) toward the next resistance level 550.00.

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Mike Lancy

Active member
HYMARKETS Stocks Report: Microsoft Corp
• Microsoft broke resistance level 45.00
• Likely to rise to 47.00

Microsoft recently rose sharply – breaking through the resistance level 45.00 (top of the previous primary impulse wave ①; which was set in our earlier forecast as the likely target for the upward movement of this company). The breakout of this resistance level is likely to accelerate the active impulse wave ③ - which started earlier, when Microsoft reversed up from the support zone lying between the support level 43.00, 38.2% Fibonacci Correction of wave ① and the lower daily Bollinger Band. Microsoft is likely to rise to the next resistance level 47.00.

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