all the FAANG Stocks are due for a correction, from MAY 2018-AUGUST 2018 you had seen an 80 degree trendline of growth. not sustainable.
LAST BULLISH PUSH SCARE THOSE WHO HAVE STARTED SHORTING THE MARKET AND EXCITE THOSE WHO THINK IT WILL GO EVEN HIGHER THAN 3K?
Looking at this monthly chart Netflix started to break above it's upper channel trend line. Typically when this happens it is a sign that there is some parabolic momentum and there is a good chance for a reversion back to the upper trend line. That measured move would be around the $288 zone. I would expect that area to be defended.
Divergence on the 4hr, also highlighted previous divergence, wear, wash rince and repeat. Friday, broke the 4hr up trend line, maybe a retest to come (see blue arrow). Buy Put on Monday AAPL180810P00190000 Limited risk Earning on July 31st AMC. Iphone sell slowed down. Tarrifs talks
Bearish Rising wedge pattern on modified FAANG #FANGMANIA $FB $AMZN $MSFT $INTL $ADBE $NVDA $GOOGL $NFLX $AAPL
Disney receiving a boost from the downfall of Netflix, with many seeing this as the perfect hedge against the FAANG giant. The strong bullish candles steaming into a strongly established supply zone smells like a retail trader trap this time. I expect price to reach above stops around 113 of the previous move and into my grey and red zones where I expect heavy...
AMZN is in a clear bull pattern with prices trading at the mid level of the uptrend channel. A small correction may be quite possible in the very short run given the "overbought" situation of the Stochastic RSI that will obviously need to reset. MACD shows an uptrend too. My overall idea on the stock is that it should appreciate even more in the medium term...
AAPL shows a breakout on both the hourly and daily charts. After the hige breakout of the beginning of May (around May the 3rd) a triangle formation developed and a second breakout (with a gap-up) formed on June the 4th. Current hourly Stochastic RSI shows weaknesses and "oversold" features hence I think there's still room for some grow. A possible further...
FAANG vs tech and FAANG vs big cap analysis since 2014 ...
Welcome back traders! Here's your weekly outlook for the SPY! Thursday and Friday last week were pretty anti climactic for the SPY, we just saw a whole lot of in and out near our blue box but here is what I'll be looking for this week. First of all, I'd expect for it to crawl up right up against that orange trend line I've got drawn up there, which it's done so...
FANGMANIA RSI divergence once more
Fb just broke out of the resistance that had been holding it back since October 30th. Bullish Volume is greater than the Bearish volume, which is a good sign. if it manages to hold this new support level around $180, it is a good opportunity to go Long as long as it stays within the Upward trend channel(orange trend lines)
If you make a Equal Equity Wrap of Longs ( Aaple, Netflix, Facebook, Tesla and Google)...vs Ndx...there is a big big Head and shoulder vs NDX in relative terms.