Thursday, November 5, 2015

MEI Pharma Inc (NASDAQ: $MEIP)

MEI Pharma Inc (NASDAQ:MEIP) price has formed a big bullish candle on daily timeframe with volume 10x above average. The heavy buying makes this an interesting situation and one worth watching on Thursday, bought some today. From a technical standpoint, the stock is starting to show some signs of acumulation with high volume on upside days and low on dowside days. I expect this rally to continue which can take prices towards 2.44/2.50 levels as long as 1.80 levels are protected on downside.

Momo Inc (NASDAQ: $MOMO)

Momo Inc (NASDAQ:MOMO) Resistance Breakout. Go long on the break of Wednesday’s high at 14.03

Twitter Inc (NYSE: $TWTR)

Twitter Inc (NYSE:TWTR) has entered into a consolidation phase after rising very fast in the past few weeks. The bias remains bullish in nearest term. Immediate resistance remains at 31.11. Break above that level could trigger further bullish momentum towards 32 area. Initial support remains at 27.50. You may have noticed that I am starting to buy again.

Ambarella Inc (NASDAQ: $AMBA)

Ambarella Inc (NASDAQ:AMBA) broke out and continued higher. The stock looks good to move higher from here.First target is at $65.63 (50EMA).