( click to enlarge )
58 com Inc (NYSE:WUBA) broke the
rising wedge chart pattern to the downside (bearish reversal) that was
previously published here on decent volume. A retracement to 71.06
(13EMA), 70 or 66.54 seems likely. The technical indicators are also
supporting a possible correction.
( click to enlarge )
Allscripts Healthcare Solutions Inc
(NASDAQ:MDRX) stock has broken out of a major resistance area that
targets a move to 14 in the short-term. If it can clear this big
resistance hurdle around the $14 level a rally to retest of $15.30 or
more appears possible.
( click to enlarge )
Medivation Inc (NASDAQ:MDVN) failed
to close above the resistance level of $129 (13 & 20EMAs). This
resulted in a sharp drop today. The recent price patterns suggest that
the downward move could continue. A decline to the 118-115 range appears
likely. A close below $115 would impart further weakness and would push
the stock to the $106.59-110 range.
( click to enlarge )
BlackBerry Ltd (NASDAQ:BBRY) Lets
take a look at BBRY’s activity in the light of the recent successive
price increases. Looking at the daily technical chart, we can see that
the stock is positively reacting to the recent events. It is still
consolidating as seen from the intertwining of the 3 major exponential
moving average lines. The good side of this stock technically is that
the MACD is still rising above the "0" line and RSI above its 50%
level, so this stock is still bullish for now even if it is still
consolidating. Keep an eye for a possible breakout over 10.46
( click to enlarge )
500 com Ltd (NYSE:WBAI) The stock
has failed around the strong resistance at 18 again and the daily MACD
is about to trigger a sell signal. You know my opinion about the
funfamentals of this company. Technically, the trend is reversing to
the downside.
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