Stocks report by HY Markets

[Mike Lancy]

HYMARKETS Stocks Report: Apple Inc.
• Apple reversed from support zone
• Likely to rise to 116.70

Apple recently reversed up sharply from the support zone lying between the support level 107.00, the lower daily Bollinger Band and the 38.2% Fibonacci Correction of the previous sharp intermediate impulse wave (1) from the end of August. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer – marking the end of the previous intermediate ABC correction (2). Apple is likely to rise further in the active impulse wave (3) toward the next resistance level 116.70 (top of previous waves (1) and B).

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[Mike Lancy]

HYMARKETS Stocks Report: Intel Corporation
• Intel broke resistance level 31.00
• Likely to rise to 34.70

Intel recently rose sharply – after the price broke through the resistance level 31.00, which was set in our earlier forecast as the likely target for the upward movement of this company. The breakout of this resistance level accelerated the active impulse wave (C) from the end of August. This (C)-wave yesterday broke through the resistance trendline of the wide daily down channel from last December – which should further accelerate the upward movement of this instrument. Intel is likely to rise to the next resistance level 34.70 (top of previous wave (B) from May).

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[Mike Lancy]

HYMARKETS Stocks Report: Google Inc
• Google broke daily Triangle
• Likely to rise to 670.00

Google recently rose sharply – breaking through the resistance level 640.00 and the resistance trendline of the daily Triangle from July. The breakout of these resistance levels continues the active intermediate impulse wave (3) – which started earlier, when the pair reversed up from the support zone lying between the round support level 600.00, lower daily Bollinger Band, 61.8% Fibonacci Correction of earlier impulse wave (1) and the 100-day moving average. Google is likely to rise further in the active impulse wave (3) toward the next resistance level 670.00 (top of previous wave (B)).

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[Mike Lancy]

HYMARKETS Stocks Report: Amazon.com, Inc.
• Amazon broke resistance level 550.00
• Likely to rise to 580.00

Amazon recently broke sharply above the resistance level 550.00, which was set in our previous forecast as the likely target for the upward movement of this company. The breakout of this resistance level continues the active minor impulse 3 - which started earlier, when the price reversed up from the support zone lying between the support level 520.00 and the 50% Fibonacci Correction of the previous impulse wave 1.The upward reversal form this support zone created the daily Japanese candlestick reversal pattern Hammer. Amazon is likely to rise further in the active waves 3 and (3) toward the next resistance level 580.00 (top of previous impulse ①).

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[Mike Lancy]

HYMARKETS Отчет по Акциям: Facebook, Inc.
• Facebook прорвал ключевой уровень сопротивления 96.00
• Возможен дальнейший рост к 98.30 и 100.00

Facebook резко растет в последние несколько торговых сессий - прорвав ключевой уровень сопротивления 96.00 (который развернул предыдущие волны (B), (1) и В - как Вы можете видеть ниже). Прорыв этого уровня сопротивления, вероятно, ускорит активный импульс 3 среднесрочной импульсной волны (3) - которая началась в сентябре, когда Facebook развернулся вверх от зоны поддержки лежащей между уровнем поддержки 86.00 и 38.2% коррекцией Фибоначчи предыдущей резкой импульсной волны (1). Facebook, скорее всего, продолжит рост до следующих уровней сопротивления: 98.30 (который остановил предыдущую волну Ⓐ) и 100.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Yahoo! Inc.
• Yahoo reversed from resistance zone
• Likely to fall to 32.00

Yahoo recently reversed down strongly from the resistance zone lying at the intersection of the resistance level 33.50 (which also reversed the previous A-wave at the end of August, as you can see below) and the 50% Fibonacci Correction of the previous sharp downward impulse wave from the middle of July. The downward reversal from this resistance zone stopped the active impulse wave 3 of the intermediate (C)-wave from September. With the daily Stochastic indicator still in the overbought area – Yahoo can be expected to fall further to the next support level 32.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Facebook, Inc.

• Facebook approached major resistance level 100.00
• Likely to rise to 102.00 if price breaks above 100.00

Facebook recently rose sharply – breaking through the resistance level 98.00 (the high of the previous intermediate impulse wave (1) from July) and yesterday closing near the major round resistance level 100.00 (both of these resistance levels were set as the upward targets in our previous forecast for Facebook). The breakout of the resistance level 98.00 accelerated the active impulse wave (iii) – which belongs to the minor impulse 3 of the intermediate impulse wave (3) from August. If Facebook breaks above 100.00 – the price can then rise to the next resistance level 102.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Amazon.com, Inc.
• Amazon.com broke major resistance level 580.00
• Likely to rise to 650.00

Amazon.com recently rose with the sharp upward gap – breaking through the major resistance level 580.00 (which stopped the previous primary impulse wave ① in July and which was set in our previous forecast as the likely target for the upward movement of this company). The breakout of this resistance level led to the breakout of the upper trendline of the daily up channel from January – accelerating the active impulse waves 3 and (3). Amazon.com is likely to rise further to the next resistance level 650.00 (target price for the completion of wave (3)).

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[Mike Lancy]

HYMARKETS Stocks Report: Apple Inc.
• Apple broke resistance levels 116.70 and 120.00
• Likely to rise to 125.00

Apple has been rising sharply in the last few trading sessions – following the earlier breakout of the pivotal resistance level 116.70 (which reversed earlier waves (A) and B, and which was set in our previous forecast as the likely target for the upward movement of this company). The breakout of the resistance level 116.70 was preceded by the breakout of the daily Triangle from August. The price recently corrected down to the broken trendline of this Triangle – from where it reversed up, breaking the resistance level 120.00. Apple is likely to rise to the next resistance level 125.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Yahoo! Inc.

• Yahoo broke resistance level 33.70
• Likely to rise to 37.00

Yahoo has been rising recently in the sharp C-wave of the intermediate ABC correction (4) from the end of September. This C-wave started earlier – when Yahoo reversed up from the support zone surrounding the support level 32.00 – which was set in our previous forecast as the likely target for the downward movement of this company. The active C-wave then broke above the resistance level 33.70 (top of previous wave A) – which intensified the bullish pressure on this instrument. Yahoo is likely to rise to the next resistance level 37.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Exxon Mobil Corp
• Exxon broke resistance zone
• Likely to rise to 90.00

Exxon recently rose sharply – following the earlier breakout of the resistance zone lying at the intersection of the resistance level 83.00 (which reversed the index twice last month) and the resistance trendline of the extended daily down channel from the start of this year. This double resistance breakout accelerated the active impulse wave 3 (which belongs to the intermediate (C)-wave from September) – helping the price break the daily up channel from August. Exxon is likely to rise further toward the next round resistance level 90.0.

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[Mike Lancy]

HYMARKETS Stocks Report: Facebook, Inc.
• Facebook approached resistance level 110.00
• Likely to rise to 112.50

Facebook recently rose with the sharp upward gap – after the price broke above the round resistance level 100.00, which was mentioned in our previous forecast for this instrument. After breaking above 100.00, Facebook broke the next resistance level 102.00, which was also set earlier as the likely target for the upward movement of this index. The subsequent corrective wave reversed up sharply from the support zone lying between 102.00 and the 38.2% Fibonacci correction of the earlier impulse wave (v). Facebook then closed near the resistance level 110.00 – the breakout of which can lead to further gains toward 112.50.

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[Mike Lancy]

HYMARKETS Stocks Report: Amazon.com, Inc.
• Amazon.com reached resistance level 650.00
• Likely to rise to 675.00 and 700.00

Amazon.com has been rising sharply in the last few trading sessions – following the earlier breakout of the resistance trendline of the daily up channel from January. The breakout of this up channel accelerated the active intermediate impulse wave (5) (which is a part of the primary impulse wave ③ from August) – helping Amazon.com break through the resistance level 650.00 (previous upward target set for this company). Amazon.com is likely to rise further in the accelerated impulse wave (5) toward the next resistance levels 675.00 and 700.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Bank of America Corp
• Bank of America reversed from resistance level 18.20
• Likely to fall to 17.00

Bank of America recently fell sharply – after the price reversed down from the resistance zone surrounding the major resistance level 18.20, which has been reversing the price from last December (as you can see below). The downward reversal from this resistance zone completed the previous sharp intermediate ABC correction (2) from August – starting the active impulse wave (3). Given the clear bearish divergence visible on the daily Stochastic indicator - Bank of America can be expected to fall further toward the next support level 17.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Facebook, Inc.
• Facebook reversed from support zone
• Likely to rise to 110.00

Facebook recently corrected down sharply after the price reversed down with the daily Falling Star from the strong resistance level 110.00. The subsequent downward ABC correction 4 recently stopped in the support zone lying between the support level 102.50 (which also previously reversed the price at the end of October), the 38.2% Fibonacci Correction of the previous impulse wave 3 and the support trendline of the daily up channel from August. Facebook is likely to rise further in the active impulse waves 5 and (3) toward the aforementioned resistance level 110.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Amazon.com, Inc.
• Amazon completed intermediate correction (4)
• Likely to rise to 680.00 and 700.00

Amazon recently reversed up sharply from the support zone lying at the intersection of the support level 620.00, the 38.2% Fibonacci Correction of the previous upward impulse from October and the upper channel line of the extended daily up channel from January (acting as support now after it was broken). The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer – thereby completing the previous intermediate correction (4). Amazon is likely to rise to the next resistance levels 680.00 and 700.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Google Inc
• Google broke resistance levels 740.00 and 750.00
• Likely to rise to 780.00

Google recently broke above the resistance levels 740.00 and 750.00 – both of which were set in our previous forecast for this company. The breakout of these resistance levels accelerated the active impulse wave – which started recently - when the price reversed up from the support zone lying between the support level 710.00 and the 38.2% Fibonacci Correction of the previous upward impulse from the middle of October. Google is likely to rise further in the accelerated impulse waves 3 and (5) toward the next resistance level 780.00 (target price for the completion of impulse 3).

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[Mike Lancy]

HYMARKETS Stocks Report: Intel Corporation
• Intel reached resistance level 34.70
• Likely to rise to 35.30 and 36.00

Intel recently reversed up sharply from the support zone lying at the intersection of the following support levels: the lower daily Bollinger Band, 38.2% Fibonacci Correction of the previous sharp upward impulse from September, the support level 32.00 and the former resistance trendline of the recently broken daily down channel from last December (acting as support after it was broken). The upward reversal from this support zone started the active impulse wave (3) – which recently reached the resistance level 34.70 (previous upward target set for Intel). Intel is likely to rise to the next resistance levels 35.30 and 36.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Microsoft Corp
• Microsoft rises inside intermediate impulse (5)
• Likely to rise to 55.00

Microsoft has been rising in the last few trading sessions inside the 5th intermediate impulse wave (5), which started earlier, when the price reversed up from the support zone lying between the support level 52.50 (which also reversed the price in October), the 38.2% Fibonacci Correction of the previous upward impulse from last month and the upper channel line of the recently broken daily up channel from August (acting as support now, after it was broken). Microsoft is likely to rise to the next resistance level 55.00 (top of previous impulse wave (3)).

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[Mike Lancy]

HYMARKETS Stocks Report: Bank of America Corp
• Bank of America rises inside impulse waves (iii), 5 and (3)
• Likely to rise to 18.20

Bank of America yesterday rose strongly inside impulse wave (iii) – which belongs to the minor impulse wave 5 from the middle of November. The active impulse wave 5 started when the price reversed up from the support zone lying between the support level 17.00 (previous downward target set for this instrument) and the 38.2% Fibonacci Correction of the previous upward impulse from October. Bank of America is likely to rise further inside the active impulse waves (iii), 5 and (3) toward the next major resistance level 18.20. Strong support remains at 17.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Microsoft Corp
• Microsoft reached resistance level 55.00
• Likely to rise to 57.00

Microsoft recently rose sharply – breaking through the resistance level 55.00 – which was set in our previous forecast as the expected target for the upward movement of this company. The price earlier revised up with the daily Bullish Engulfing from the support zone lying between the upper channel line of the daily up channel from August (which has been repeated reversing the price from the middle of November) and the 50% Fibonacci Correction of the previous upward impulse from the end of wave 2. Microsoft is likely to rise to the next resistance level 57.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Exxon Mobil Corp
• Exxon broke support levels 78.00 and 76.00
• Likely to fall to 72.00

Exxon recently fell sharply - breaking through the support levels 78.00 and 76.00, both of which were set in our previous forecast as the likely targets for the downward movement of this company. The breakout of the support level 78.00 coincided with the breakout of the 61.8% Fibonacci Correction of the previous sharp (C)-wave from September. The breakout of the support levels 78.00 and 76.00 accelerated the active intermediate impulse wave (3). Exxon is likely to fall further to the next support level 72.00 (previous strong support from September).

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[Mike Lancy]

HYMARKETS Stocks Report: Bank of America Corp
• Bank of America reversed from support zone
• Likely to rise to 17.80

Bank of America yesterday reversed up from the support zone lying between the support level 17.00 (the low of the previous (a)-wave from November), the lower daily Bollinger Band and the 38.2% Fibonacci retracement of the previous sharp upward impulse wave 1. The upward reversal form this support zone completed the latest minor ABC correction 2 of the longer-term upward impulse wave (3) from August. Bank of America is likely to rise further toward the next resistance level 17.80 (which stopped the previous (b)-wave earlier this month).

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[Mike Lancy]

HYMARKETS Stocks Report: American Express Co
• American Express broke multiple support levels
• Likely to fall to 68.00

American Express has been under strong bearish pressure lately – breaking through three consecutive support levels – 73.50 (previous downward target set for this company), 72.00 and more recently it broke through the round support level 70.00. The breakout of the support level 70.00 coincided with the breakout of the support trendline of the extended down channel, which has enclosed the active primary impulse wave ③ from June. American Express is likely to fall to the next support level 68.00 (target price for the completion of the active impulse wave 3).

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