Hewlett Packard (HPQ) analysis

The price action confirmed the late November scenario. The next target stands now at $16.80, followed by $22.00 on the mid term.

Take a look at the left chart (nov.26 analysis: http://markettechnicalview.blogspot.ro/2012/11/watch-this-stock-hewlett-packard.html) and see how the price followed my scenario: sharp comeback towards the 75 days average (green line in the $15.00 area) followed by a few weeks of indecision and then an obious bull domination that lead to the break above $15.00 level which is now a strong support.

IMPORTANT: Earnings announcement: 21 Feb. 2013!!!   

Groupon analysis.

This stock has good chances to rise in the short and mid term as more technical signals are converging and the current price is in the $5-$10 range, where the chances for a double-digit percentage move are really high.

Here are a few elements that are pointing towards a higher price:

• high volumes at local lows in November ($2.65-$4.65 area)
• exhausting gap down on over 100M volume day
• price is over the 50 day exponential moving average (green) and the crossover volume was high
• low volumes in the last few weeks, in a narrow  price range between the 50 EXPMA and 100 EXPMA
• good internal wave structure starting from the most notable previous local highs in February 2012 (according to Elliott Wave analysis - not labeled in the chart in order to make it clear) 

Having all this clues noted, the investors should look for the next scenarios:

• immediate break above the current resistance from $5.50 (probably this week), followed by a quick retest of $5.500 as a support and then resuming move up. 
• another week or two in the same price range ($4.50-$5.50) on relatively low volumes (indicating an accumulation) followed by the break above the $5.50 resistance (as a confirmation) and reaching afterwards for the closest target zone. 

The first TARGET ZONE is in the $7.90-$9.00 area.

IMPORTANT: earnings report for Q3 is set on 8th of February!

First Solar: Before & After

I posted a chart in Nov.29 when FSLR was at $27.21, just breaking from a ascending triangle.
The volumes were playing out well and now, the stock is trading at $33.03.
As the volumes are slightly declining, the investors should pay attention to resistance levels.

Netflix analysis

Netflix buyers, be careful! This chart shows a bearish engulfing pattern close to the resistance zone of $100. This could lead to a selling pressure in the next days or even weeks.

Utilities are proven to be one of the best choise for December...again!

Along Utilities, there is also the Consumer Discretionary and the Telecomunications sectors that are the most attractive for this December. Utilities have another +1.77% to go until the year end in order to reach the average of the last 3 years.

DJIA analysis

Very strong resistance for DJIA at 13.300. Technically, this should be a short opportunity BUT the main thing that moves the market theese days will be the FISCAL CLIFF.

FIRST SOLAR analysis

Although the alternative energy sector is in an misleading period, this company must by closely watched.

Reason for a rise:

1. support at $20.00

2. the resistance at $22.60 was breached

3. high volumes in the last couple of days