Stocks report by HY Markets

[Mike Lancy]

HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
• Goldman Sachs reversed from long-term support level 172.60
• Likely to rise to 186.40

Goldman Sachs recently reversed up sharply from the pivotal long-term support level 172.60 (which has been repeatedly reversing the price from October of 2014). The upward reversal from this support level created the strong Japanese candlesticks reversal pattern Morning Star with the middle candle being the Long-Legged Doji piercing the lower daily Bollinger Band (strong bullish signal). The upward reversal from the support level 172.60 completed the previous ABC correction (2). The price is likely to rise to the next resistance level 186.40.

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[Mike Lancy]

HYMARKETS Stocks Report: Twitter, Inc
• Twitter broke support level 24.00
• Likely to fall to 22.00

Twitter recently broke below the support level 24.00 (which has been reversing the price from the start of this month). The breakout of the support level 24.00 (which is aligned with the prevailing downtrend that can be seen on the daily Twitter charts) is likely to accelerate the active minor impulse wave 3 – which belongs to the sharp intermediate impulse wave (3) from the end of October. Twitter is likely to fall further to the next strong support level 22.00 (which stopped the previous extended impulse wave (1) in August, as you can see below).

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[Mike Lancy]

HYMARKETS Stocks Report: Apple Inc.
• Apple broke pivotal support level 107.50
• Likely to fall to 102.50

Apple recently fell sharply - breaking through the support zone lying at the intersection of the pivotal support level 107.50 (which stopped the previous minor correction 2 in October) and the 50% Fibonacci Correction of the earlier sharp intermediate impulse wave (1) from the middle of August. The breakout of this support zone is likely to accelerate the C-wave of the active intermediate ABC correction (2) from the start of November. Apple is expected to fall further to the next support level 102.50 (target price for the completion of wave (2)).

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[Mike Lancy]

HYMARKETS Stocks Report: Intel Corporation
• Intel completed minor correction 2
• Likely to rise to 35.30 and 36.00

Intel recently reversed up with the daily Japanese candlesticks reversal pattern Morning Star from the support zone lying between the support level 34.00 (which has been reversing price from the start of this month, as you can see below), the lower daily Bollinger Band and the 38.2% Fibonacci Correction of the previous sharp minor impulse wave 1. The upward reversal from this support zone completed the previous minor correction 2. Intel is likely to rise in the active impulse wave 3 toward the next resistance levels 35.30 and 36.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Google Inc
• Google rising inside impulse waves 3 and (3)
• Likely to rise to 780.00

Google recently reversed up with the daily Japanese candlesticks reversal pattern Hammer from the support zone lying between the support level 730.00 (former strong resistance from October and November), lower daily Bollinger Band and the 38.2% Fibonacci Correction of the previous upward impulse wave from October. The upward reversal from this support zone completed the previous wave (iv) of the active impulse wave 3. Google is likely to rise further in the active impulse waves 3 and (3) toward the next resistance level 780.00 (top of previous impulse wave (iii)).

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[Mike Lancy]

HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
• Goldman Sachs reversed from major support level 172.60
• Likely to rise to 180.00

Goldman Sachs yesterday reversed up from the support zone surrounding the major, multi-month support level 172.60 (which has been reversing the price from October of 2014, as can be seen below). The upward reversal from this support zone completed the previous minor correction 2 (which belongs to the 3rd intermediate impulse wave (3) from the middle of December). Given the clear bullish divergence visible on the daily Stochastic indicator - Goldman Sachs can be expected to rise further to the next resistance level 180.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Apple Inc.
• Apple broke support level 102.50
• Likely to fall to 95.00 and 92.50

Apple recently fell sharply – breaking through the support zone lying between the support level 102.50 (downward target set in our previous forecast for this company) and the 61.8% Fibonacci correction of the earlier sharp intermediate impulse wave (1) from the end of August. The breakout of this support zone accelerated the C-wave of the active ABC correction (2) from November. Apple is likely to fall further toward the next support levels 95.00 and 92.50 (target price for the completion of the active ABC correction (2)).

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[Mike Lancy]

HYMARKETS Stocks Report: Facebook, Inc.
• Facebook falling inside minor (c)-wave
• Likely to fall to 95.00

Facebook has been falling in the last few trading sessions inside the (c)-wave of the minor ABC correction 2 from the start of November. The active (c)-wave earlier broke the daily up channel from August, the daily Triangle from November and the support levels 102.50 and 98.30 (intersecting with the 50% Fibonacci Correction of the previous upward impulse from September). Facebook is likely to fall further to the next support level 95.00 (target price for the completion of the active sub-impulse (iii) and the 61.8% Fibonacci Correction of the aforementioned upward impulse from September).

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[Mike Lancy]

HYMARKETS Stocks Report: Bank of America Corp.
• Bank of America reversed from long-term support level 15.00
• Likely to rise to 16.00

Bank of America recently reversed up from the major, multi-month support level 15.00 – which has been repeatedly reversing the price from August of 2014, as can be seen below. The latest upward reversal from this support level created the daily Japanese candlesticks reversal pattern Hammer – stopping the active minor impulse wave 3 from December. Given the strength of the support level 15.00 and the fact that the daily Stochastic has not yet recovered from the oversold area - Bank of America is likely to rise to the next resistance level 16.00.

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[Mike Lancy]

HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
• Goldman Sachs broke major support level 172.60
• Likely to fall to 155.00

Goldman Sachs recently fell sharply – following the earlier breakout of the major support level 172.60 (which has been reversing the price from last October, as you can see below). The breakout of this support level greatly accelerated the active minor impulse wave 3 – which belongs to the sharp intermediate (C)-wave from November – which is a part of primary ABC correction Ⓑ from June. Goldman Sachs is likely to fall further to the next support level 155.00 (target price for the termination of the active minor impulse wave 3).

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[Mike Lancy]

HYMARKETS Stocks Report: Yahoo! Inc.
• Yahoo broke round support level 30.00
• Likely to fall to 27.70

Yahoo recently broke below the round support level 30.00, which was set in our previous forecast as the likely target for the downward movement of this company. The breakout of this support level is set to increase the downward pressure on Yahoo in the coming trading sessions. With the daily Momentum approaching the yearly lows – Yahoo is likely to fall to the next support strong level 27.70 (low of the previous primary impulse ① and the target price for the completion of the active intermediate impulse wave (3)).

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[Mike Lancy]

HYMARKETS Stocks Report: Twitter, Inc
• Twitter broke strong support zone
• Likely to fall to 15.00

Twitter has been under intense bearish pressure lately – following the earlier breakout of the strong support zone lying between the support levels 22.00 (previous downward target set in our earlier report for this company) and 20.00. This support zone previously stopped the sharp minor impulse wave 1 in August, as can be seen from the daily Twitter chart below. The breakout of the aforementioned support zone accelerated the active impulse waves 3 and (3). Twitter is expected to fall further toward the next support level 15.00. Strong resistance remains at 20.00.

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[Mike Lancy]

HYMARKETS Stocks Report: Bank of America Corp.
• Bank of America broke multi-month support level 15.00
• Likely to fall to 13.00

Bank of America recently fell sharply – after the price broke through the pivotal multi-month support level 15.00, which has been reversing the price from August of 2014, as can be seen below. The breakout of this support level greatly accelerated the already sharp minor impulse wave 3 – which belongs to the intermediate impulse (3) from November of the primary downward impulse wave ③ from July. With the daily Momentum falling to new multi-year lows - Bank of America is likely to fall to the next support level 13.00.
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[Mike Lancy]

HYMARKETS Stocks Report: Apple Inc.
• Apple reversed from strong support zone
• Likely to rise to 107.50

Apple recently reversed up sharply from the strong support zone lying between the support levels 95.00 and 92.50 (this support area reversed the previous sharp ABC correction ② in August, as can be seen below). Both of these support levels were set in our previous forecast as the likely targets for the downward movement of this company. The upward reversal from this support zone started the active impulse wave (3) – which then broke the round resistance level 100.00. Apple is likely to rise to the next resistance level 107.50.

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[Mike Lancy]

HYMARKETS Stocks Report: Microsoft Corp
• Microsoft reversed from support zone
• Likely to rise to 53.00 and 54.00

Microsoft recently reversed up from the support zone lying between the round support level 50.00, 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 completed the previous intermediate ABC correction (2) from December – starting the active intermediate impulse wave (3). Microsoft is likely to rise further toward the next resistance levels 53.00 and 54.00 (top of the previous B-wave).

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[Mike Lancy]

HYMARKETS Stocks Report: Microsoft Corp
• Microsoft reversed from support zone
• Likely to rise to 53.00 and 54.00

Microsoft recently reversed up from the support zone lying between the round support level 50.00, 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 completed the previous intermediate ABC correction (2) from December – starting the active intermediate impulse wave (3). Microsoft is likely to rise further toward the next resistance levels 53.00 and 54.00 (top of the previous B-wave).

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[Mike Lancy]

HYMARKETS Stocks Report: Tesla Motors, Inc.
• Tesla Motors broke long-term support level 195.00
• Likely to fall to 170.00

Tesla Motors recently fell strongly – following the earlier breakout of the pivotal, long-term support level 195.00 (which stopped the previous sharp intermediate impulse wave (1) in August, as you can see below). After breaking this support level – the price corrected up shortly to test it - after which Tesla Motors reversed down sharply - continuing the active intermediate impulse wave (3), which belongs to the primary downward impulse wave Ⓒ from last July. Tesla Motors is likely to fall to the next support level 170.00 (target price for the completion of the active impulse wave (3)).

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[Mike Lancy]

HYMARKETS Stocks Report: Yahoo! Inc.
• Yahoo reached support level 27.70
• Likely to rise to 30.50

Yahoo recently reversed up sharply from the pivotal support level 27.70, which was set in our previous forecast as the likely target for the downward movement of this instrument. The support level 27.70 previously reversed the price sharply in September and January. The last two reversals from this support level created the 2 consecutive daily Japanese candlesticks reversal patterns Hammer and Bullish Engulfing. Given the strength of the support level 27.70 – Yahoo is likely to correct up further from the current levels toward the next resistance level 30.50 (high of wave 2).

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[Mike Lancy]

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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[Mike Lancy]

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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[Mike Lancy]

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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[Mike Lancy]

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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[Mike Lancy]

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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[Mike Lancy]

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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