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Stocks report by HY Markets

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Re: Stocks report by HY Markets

Postby HY Markets » Mon Feb 08, 2016 12:50 pm

HYMARKETS Stocks Report: Amazon.com, Inc.
• Amazon falling inside intermediate (C)-wave
• Likely to fall to 470.00

Amazon has been falling sharply in the last few trading sessions inside the intermediate (C)-wave of the active primary ABC correction ④ from the end of December. The active (C)-wave earlier broke the support trendline of the wide daily up channel from last year – which was followed by the breakout of the support levels 580.00, 550.00 and 520.00. The price closed last Friday near the round support level 500.00. If Amazon breaks below this support level – the price will then, most likely, fall to the next support level 470.00 (target price for the completion of wave ④).

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HY Markets
 
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Re: Stocks report by HY Markets

Postby HY Markets » Wed Feb 10, 2016 12:32 pm

HYMARKETS Stocks Report: Twitter, Inc.
• Twitter broke support level 15.00
• Likely to fall to 14.00 and 12.00

Twitter recently broke below the support level 15.00, which was set as the likely downward target in our previous forecast for this company. The price earlier reversed down from the resistance zone lying between the resistance level 18.50 (which also previously reversed the price in the middle of January) and the 38.2% Fibonacci retracement of the previous downward impulse from the start of January. The downward reversal from this resistance zone started the active impulse wave (v). Twitter is likely to fall to the next support levels 14.00 and 12.00 (target price for the completion of the active impulse wave 3).

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HY Markets
 
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Re: Stocks report by HY Markets

Postby HY Markets » Fri Feb 12, 2016 12:16 pm

HYMARKETS Stocks Report: Bank of America Corp.
• Bank of America falling inside impulse waves 5 and (3)
• Likely to fall to 10.50

Bank of America has been falling sharply in the last few trading sessions – following the earlier breakout of the pivotal support level 13.00, which was set as the likely downward target in our previous forecast for this company. The breakout of the support level 13.00 accelerated the active impulse waves (3) and 5 (which started earlier form the resistance zone lying between the resistance level 14.00 and 38.2% Fibonacci correction of the previous downward impulse from January). Bank of America is likely to fall further to the next support level 10.50.

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HY Markets
 
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Re: Stocks report by HY Markets

Postby HY Markets » Mon Feb 15, 2016 2:27 pm

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

Facebook recently reversed up sharply from the support zone lying between the support levels 100.00, 96.50 and the 38.2% Fibonacci correction of the previous sharp upward impulse from last August. The upward reversal from this support zone completed the second minor correction 2, which belongs to the intermediate impulse wave (3) from January. Facebook is likely to rise further in the active impulse waves 3 and (3) toward the next resistance level 110.00. Strong support remains at the support levels 100.00 and 96.50.

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HY Markets
 
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Re: Stocks report by HY Markets

Postby HY Markets » Wed Feb 17, 2016 1:49 pm

HYMARKETS Forex Report: GBP/JPY

• GBP/JPY reversed from resistance zone
• Likely to fall to 160.00

GBP/JPY recently reversed down from the resistance zone lying between the resistance level 165.00 (previous strong support from last month – which stopped the earlier minor impulse wave 1, as you can see below) and the 38.2% Fibonacci retracement of the preceding sharp downward impulse from the start of February. The downward reversal from this resistance zone continues the active impulse waves 3 and (3). GBP/JPY is likely to fall further toward the next support level 160.00 (which stopped the earlier impulse wave (i)).

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HY Markets
 
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Re: Stocks report by HY Markets

Postby HY Markets » Mon Feb 22, 2016 4:00 pm

HYMARKETS Stocks Report: Coca-Cola Co/The
• Coca-Cola approached pivotal resistance level 43.80
• Likely to rise to 44.50 and 45.00

Coca-Cola has been rising in the last few trading sessions inside the minor impulse wave 3 – which started previously – when the price reversed up from the support zone lying between the support level 42.00 and the 50% Fibonacci correction of the previous impulse wave 1 from the middle of January. Coca-Cola closed last session near the pivotal resistance level 43.80 (top of previous waves 2, 3 and (1)). If the price breaks above 43.80 - Coca-Cola can then rise to the next resistance levels 44.50 and 45.00.

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HY Markets
 
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Re: Stocks report by HY Markets

Postby HY Markets » Wed Feb 24, 2016 1:21 pm

HYMARKETS Stocks Report: Bank of America Corp.
• Bank of America falling inside impulse waves 5 and (3)
• Likely to fall to 12.00 and 11.00

Bank of America recently reversed down from the resistance zone lying between the resistance level 12.80 and the 50.00% Fibonacci correction of the previous sharp downward impulse wave (v) from the end of January. The downward reversal from this resistance zone started the active impulse wave 5, which belongs to the sharp intermediate impulse (3) from last November. Bank of America is likely to fall further to the next support level 12.00 – the breakout of which can lead to further losses toward the next strong support 11.00 (low of the previous impulse 3).

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HY Markets
 
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Re: Stocks report by HY Markets

Postby HY Markets » Mon Feb 29, 2016 3:41 pm

HYMARKETS Stocks Report: American Express Co
• American Express reversed from resistance zone
• Likely to fall to 54.00

American Express recently approached the resistance zone lying between the resistance level 55.30 (which also reversed the previous waves iv, (iv) and (a), as you can see from the daily American Express chart below) and the 38.2% Fibonacci correction of the previous sharp downward impulse from the start of January. Given the strong downtrend visible on the daily American Express charts and the overbought reading on the daily Stochastic indicator - American Express can be expected to fall further to the nearby support level 54.00.

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HY Markets
 
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Re: Stocks report by HY Markets

Postby HY Markets » Wed Mar 02, 2016 12:19 pm

HYMARKETS Stocks Report: Amazon.com, Inc.
• Amazon broke daily down channel
• Likely to rise to 600.00

Amazon has been rising sharply in the last few trading sessions inside the 3rd intermediate impulse wave (3) – which started earlier – when the price reversed up from the support zone lying between the support levels 500.00, 475.00, lower daily Bollinger Band, 50% Fibonacci correction of the previous weekly upward impulse from October of 2014 and the support trendline of the daily down channel from December. Having just broken the aforementioned down channel – Amazon is likely to rise to the next round resistance level 600.00.

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HY Markets
 
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Re: Stocks report by HY Markets

Postby HY Markets » Fri Mar 11, 2016 3:26 pm

HYMARKETS Stocks Report: Coca-Cola Co/The
• Coca-Cola broke long-term resistance level 45.00
• Likely to rise to 45.50

Coca-Cola has been rising sharply in the last few trading sessions – breaking through the resistance levels 44.50 and 45.00 (both of which were set in our previous forecast as the likely targets for the upward movement of this company). The resistance level 45.00 is a long-term resistance level which reversed the price strongly in October and November of 2014, as can be seen below. Coca-Cola is likely to rise further in the accelerated impulse waves 3 and (3) toward the next the resistance level 45.50. Strong support now stands at 45.00.

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HY Markets
 
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