Stocks report by HY Markets

Mike Lancy

Active member
HYMARKETS Stocks Report: Google Inc
• Google completed minor ABC correction 2
• Likely to rise to 730.00

Google recently reversed up from the support zone lying at the intersection of the pivotal support level 680.00 (which stopped earlier waves (ii) and (b)), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse wave from the start of June. The upward reversal from this support zone completed the previous minor ABC correction 2, which belongs to the intermediate impulse wave (5) from January. Google is expected to rise further to the next resistance level 730.00 (the breakout level of the previous daily up channel from August of 2015).

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Mike Lancy

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HYMARKETS Stocks Report: Microsoft Corp.
• Microsoft reversed from resistance zone
• Likely to fall to 50.00

Microsoft recently reversed down from the resistance zone lying between the resistance level 52.00 (breakout level of the previous wide daily up channel from August of 2015, which was broken in April, as can be seen below) and the 38.2% Fibonacci correction of the previous sharp minor corrective wave 2 from the middle of April. The downward reversal from this resistance zone stopped the previous minor impulse wave (iii) of the intermediate impulse wave (3) from February. Microsoft is likely to fall to the nearby support level 50.00.

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Mike Lancy

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HYMARKETS Stocks Report: Tesla Motors, Inc.

• Tesla falling inside impulse waves 3, (3) and ③
• Likely to fall to 200.00

Tesla has been falling sharply in the last few trading sessions inside the intermediate downward impulse wave (3) – which belongs to the primary downward impulse ③ from the start of April (which started when the pair reversed down with the daily Bearish Engulfing from the major long-term resistance level 270.00, which reversed the price in September of 2015 and which was set as the likely upward target in our previous forecast for this instrument). Tesla is likely to fall further to the next round support level 200.00 (target price for the completion of the active impulse wave 3).

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Mike Lancy

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HYMARKETS Stocks Report: E-Commerce China Dangdang Inc.
• DANG reversed from resistance zone
• Likely to fall to 5.300

DANG recently reversed down from the resistance zone lying between the resistance level 5.800 and the 50.00% Fibonacci correction of the earlier sharp downward impulse wave from the start of May. The downward reversal from this resistance zone started the B-wave of the active intermediate ABC correction (2). DANG is likely to fall further to the next strong support level 5.300 (which stopped the previous sharp intermediate impulse wave (1), as can be seen below). Sell stop-loss can be placed above the aforementioned resistance level 5.800.

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Mike Lancy

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HYMARKETS Stocks Report: Yahoo! Inc.
• Yahoo reversed from support zone
• Likely to rise to 37.80

Yahoo recently reversed up from the support zone lying between the pivotal support level 36.00 (former strong resistance level, which has been reversing the price from the end of 2015, as can be seen below), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse from March. The upward reversal from this support zone completed the previous intermediate correction (2). Yahoo is likely to rise further in the active impulse wave (3) toward the next resistance level 37.80 (which reversed previous impulse waves (1) and ①).

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Mike Lancy

Active member
HYMARKETS Stocks Report: Apple Inc.

• Apple rising inside minor C-wave
• Further gains likely toward 100.00

Apple has been rising sharply in the last few trading sessions inside the minor C-wave of the intermediate ABC correction (B) from January. The active C-wave started earlier – when the price reversed up from the support zone lying between the support levels 90.00 and 95.00 (this support zone has been repeatedly reversing the price from last August, as can be seen from the daily Apple chart below). The price is likely to rise further toward the next round resistance level 100.00 (target price calculated for the completion of the active impulse sub-wave (i)).

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Mike Lancy

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HYMARKETS Stocks Report: Facebook, Inc.
• Facebook reversed from pivotal support level 115.00
• Further gains likely toward 121.10 and 125.00

Facebook recently reversed up from the support zone lying between the pivotal support level 115.00 (former strong resistance level which reversed earlier waves 1 and (i), acting as support now – after it was broken by the previous impulse wave i), lower daily Bollinger Band and the 50% Fibonacci correction of the previous impulse wave i. Facebook is likely to rise further in the active impulse waves 3 and (C) toward the next resistance level 121.10 (which reversed Facebook earlier this month) – the breakout of which can lead to further gains toward 125.00.

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Mike Lancy

Active member
HYMARKETS Stocks Report: Google Inc
• Google broke resistance level 730.00
• Further gains likely toward 750.00

Google recently broke above the resistance level 730.00, which was set in our previous forecast as the expected target for the upward movement of this company. The breakout of the resistance level 730.00 is likely to accelerate the active minor impulse wave from the end of April, which belongs to the intermediate impulse wave (5) from the start of February. The active wave 3 started when the price reversed up from the strong support zone surrounding the pivotal support level 685.00. Google is likely to rise further to the next resistance level 750.00.

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Mike Lancy

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HYMARKETS Stocks Report: Visa Inc.
• Visa rising inside impulse waves 3 and (C)
• Likely to rise to 82.00

Visa has been rising in the last few trading sessions inside the 3rd minor impulse wave 3 – which belongs to the intermediate impulse wave (C) from February. The active minor impulse wave 3 started previously – when Visa reversed up from the support zone lying between the support level 76.00, lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward impulse from March. Visa is likely to rise further toward the next resistance level 82.00 (which stopped the earlier minor impulse wave 1 in April, as can be seen below).

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Mike Lancy

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HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
• Goldman Sachs broke support level 155.00
• Likely to fall to 140.00

Goldman Sachs recently broke below the support level 155.00, which stopped the earlier minor impulse wave 1 and which was set in our previous forecast as the likely downward target for this company. The breakout of this support level is likely to accelerate the active minor impulse wave 3, which belongs to the intermediate downward impulse wave (3) from the middle of April. Goldman Sachs closed last trading session near the support level 150.00. If the price breaks below this support level - Goldman Sachs can then fall to the next strong support level 140.00 (low of the earlier impulse (1)).

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Mike Lancy

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HYMARKETS Stocks Report: JD.com, Inc.
• JD broke support level 22.00
• Likely to fall to 20.00

JD continues to fall – following the earlier breakout of the major long-term support level 22.00, which was set in our previous forecast as the likely target for the downward movement of this company. The breakout of this support level accelerated the active minor impulse wave 3, which belongs to the intermediate downward impulse wave (C) from the middle of December (as can be seen from the daily JD chart below). JD is likely to fall further to the next round support level 20.00 (target price for the completion of the active impulse wave 3).


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Mike Lancy

Active member
HYMARKETS Stocks Report: Vipshop Holdings Limited
• VIPS falling inside intermediate impulse wave (3)
• Further losses likely toward 10.20

VIPS has been falling in the last few trading sessions inside the intermediate impulse wave (3), which started earlier – when the price reversed down from the resistance zone lying between the resistance level 12.00 (former strong support level which stopped the (B) of the previous primary ABC correction ② from February) and the 38.2% Fibonacci correction of the previous sharp intermediate impulse wave (1) from the middle of April. VIPS is likely to fall further to the next strong support level 10.20 (which stopped previous impulse waves (1) and ①).

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Mike Lancy

Active member
HYMARKETS Stocks Report: Microsoft Corp.
• Microsoft completed ABC correction (2)
• Likely to rise to 52.00

Microsoft recently reversed up from the strong support zone lying between the support levels 50.00 and 49.00, which have been repeatedly reversing the price from the middle of January, as can be seen below. This support zone was further strengthened by the lower daily Bollinger Band and the surrounding 38.2% and 50% Fibonacci correction levels of the previous sharp upward impulse from August. The upward reversal form this support zone completed the previous ABC correction (2). Microsoft is likely to rise to the next resistance level 52.00.

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Mike Lancy

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HYMARKETS Stocks Report: Twitter, Inc.
• Twitter rising inside minor (c)-wave
• Likely to rise to 18.00

Twitter has been rising steadily in the last few trading sessions inside the (c)-wave of the active minor ABC correction 2 – which started at the end of March, when the price reversed up from the major long-term support level 14.00 (which has been reversing the price from the middle of February, as can be seen below). Twitter earlier broke the resistance level 15.50 (which stopped the previous (a)-wave) – which accelerated the active (c)-wave. Twitter is likely to rise further to the next resistance level 18.00 (top of previous waves A and (2) and the target price for the completion of wave 2).

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Mike Lancy

Active member
HYMARKETS Forex Report: AUD/JPY

• AUD/JPY rising inside minor C-wave
• Likely to rise to 82.60

AUD/JPY continues to rise inside the minor C-wave, which belongs to the intermediate ABC correction (2). This upward correction started earlier - when the pair reversed up from the support zone lying between the support level 74.60 and the lower daily Bollinger Band. Having recently broken the pivotal resistance level 80.50 (former major support level which has been reversing the price from January) - AUD/JPY can be expected to rise further from the current levels toward the next resistance level 82.60 (target price for the completion of wave (2)).

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Mike Lancy

Active member
HYMARKETS Stocks Report: Microsoft Corporation
• Microsoft approached major resistance level 56.70
• Likely to rise to 58.00

Microsoft recently rose with the sharp upward gap – breaking through the resistance level 54.50, which was set as the likely upward target in our previous forecast for this index. The breakout of the resistance level 54.50 accelerated the active intermediate impulse wave (3), which belongs to the primary upward impulse wave ③ from the end of June. The price closed yesterday near the major long-term resistance level 56.70 (top of the previous waves ① and (B)). If Microsoft breaks above 56.70 – the price can then rise to the next resistance level 58.00 (target price for the completion of impulse wave (3)).
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Mike Lancy

Active member
HYMARKETS Stocks Report: Twitter, Inc.
• Twitter falling inside minor impulse wave 3
• Likely to fall to 15.60

Twitter recently reversed down sharply from the resistance level 18.90 (lower boundary of the strong resistance zone lying between the resistance levels 18.90 and 20.00). The downward reversal from this resistance level started the active minor impulse wave 3 – which belongs to the intermediate downward impulse wave (3) from the end of March. The price is likely to fall further to the next support level 15.60 (low of the previous waves (b) and (i)). If the price breaks below this support level 15.60 – Twitter can then be expected to fall further to the next powerful support level 14.00, which has been reversing the price from February.

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Mike Lancy

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HYMARKETS Stocks Report: Alibaba Group Holding Ltd
• Alibaba Group broke resistance zone
• Likely to rise to 100.00

Alibaba Group continues to rise sharply – following the earlier breakout of the resistance zone lying at the intersection of the resistance level 95.00 (which reversed the price sharply in May of 2015) and the two resistance trendlines belonging to the 2 different-length daily up channels from September and February, as can be seen below. The breakout of this resistance zone accelerated the active impulse waves 3 and (3). Alibaba Group is expected to rise further to the next round resistance level 100.00 – the breakout of which can lead to further gains toward 105.00.

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Mike Lancy

Active member
HYMARKETS Stocks Report: JD.com, Inc.
• JD broke strong resistance zone
• Likely to rise to 27.00

JD recently rose with the sharp upward gap – following the breakout of the strong resistance zone lying between the pivotal resistance level 25.00 (which reversed the price with the daily Evening Star Doji at the start of June) and the 50% Fibonacci correction of the previous sharp minor C-wave from the end of April. The breakout of this resistance zone accelerated the active C-wave of the intermediate ABC correction (B) from the middle of June. JD is likely to rise to the next resistance level 27.00. Buy stop-loss can be placed below the support level 25.00.

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Mike Lancy

Active member
HYMARKETS Stocks Report: Vipshop Holdings Limited
• VIPS reversed from strong resistance zone
• Likely to fall to 15.00

VIPS recently reversed down sharply from the strong resistance zone lying between the resistance level 17.40 (which also previously reversed the price in November and December), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous weekly downward impulse from last November (as can be seen below). The downward reversal from this resistance zone completed the previous primary ABC correction ② from February. VIPS is likely to correct down further to the next support level 15.00 (former resistance level from April).

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Mike Lancy

Active member
HYMARKETS Stocks Report: Twitter, Inc.
• Twitter broke support level 18.30
• Likely to fall to 17.00

Twitter recently broke below the support level 18.30 (low of the earlier intermediate impulse wave (1)). The breakout of the support level 18.30 is likely to accelerate the active impulse wave (3) – which started earlier – when the price reversed down from the resistance zone lying between the major resistance level 20.40 (monthly high from March and August), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous extended downward impulse from October. Twitter is likely to fall further toward the next strong support level 17.00.


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Mike Lancy

Active member
HYMARKETS Stocks Report: Apple Inc.

• Apple broke resistance level 112.00
• Likely to rise to 120.00

Apple recently rose with the sharp upward gap – breaking through the two consecutive resistance levels – 110.00 (top of the earlier intermediate correction (A)) and 112.00 (top of the earlier wave (4) from April). The breakout of the aforementioned resistance levels is likely to strengthen the bullish pressure on Apple in the coming trading sessions. Apple is expected to rise further in the active (C)-wave toward the next strong resistance level 120.00 (target price for the completion of the wave (C) and the former strong resistance level, which reversed waves A and (2) in November and December).


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Mike Lancy

Active member
HYMARKETS Stocks Report: Amazon.com, Inc.

• Amazon reversed from support zone
• Likely to rise to 790.00

Amazon recently reversed up from the support zone lying between the support level 760.00 (previous upward target set in our earlier forecast for this instrument), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse from July. The upward reversal from this support zone completed the previous minor correction (ii) – starting the active impulse wave (iii). Amazon is expected to rise further to the next upward target at the resistance level 790.00 (top of the earlier minor impulse wave (i)).

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Mike Lancy

Active member
HYMARKETS Stocks Report: Alibaba Group Holding Ltd
• Alibaba Group broke resistance zone
• Likely to rise to 115.00

Alibaba Group recently rose with the sharp upward gap – breaking through the resistance zone lying at the intersection of the resistance level 105.00 (previous upward target set in our earlier forecast for this instrument) and two resistance trendlines belonging to the two different-scale daily up channels from June and February respectively. The breakout of this resistance zone is likely to accelerate the active minor impulse wave 5 – which belongs to the sharp intermediate impulse wave (C) from June. Alibaba Group is expected to rise further to the next resistance level 115.00.


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