It's shaping up to be a bear flag. If right, we could see 23% downside, with a price target around mid $22.
Could see a 5% swing to the downside over the next week. Might hit the bottom of this descending channel that we're in, which would be around $480. We're also below the 50d MA, so I would be cautious.
FNGU is a 3x leveraged fang etf. We've had a small consolidation (flag) but now we've started moving downward again (potential bear flag pattern). Bear flag price target of roughly $15 would mean a 45% fall from current price. Price target lines up with support levels of around $15 which we bounced off of multiple times in September 2020. We also recently...
Amazon.com has been dead in the water since Labor Day. Now potential signs of a downtrend may be taking shape. The first thing jumping off the chart are the series of higher lows and lower highs beginning in September. This produced a long triangle pattern that AMZN broke to the downside late last month. That decline entrenched prices below the 200-day simple...
Many reasons pointed out on chart for aapl to see a descent correction to test 125ish, maybe lower.
All notes on chart. Simple setup
Markets breaking out of correction and I noticed aapl's cycle was lagging compared to the sp&q's took long around 130 looking for push up to 135 for first tp.
Microsoft has been seeing a lot of momentum towards the upside, while still holding intact a 6 months symmetrical triangle. I am waiting for another move through our (green) top ray, and to support upon our (blue) 224.49 level.
Alphabet was the only megacap Nasdaq member to break out on its last set of quarterly numbers. Now it’s pulled back to some interesting levels. First, GOOGL tested its 50-day simple moving average (SMA) on Monday and held that line. Second, that SMA is near the September 2 peak of $1726.10. It bounced around that same level twice last month, which could mean old...
Streaming-video giant Netflix has been dead in the water since early July. But now some of its chart features could be getting interesting. First, NFLX’s range of motion has tightened lately as the rest of the market’s expanded. We can see that in its bullish inside week (beginning November 16). Two small candles have followed as prices inched higher. Bollinger...
Most of the high profile ‘FANG’ stocks haven’t done much recently. That is, aside from Alphabet, which is leaving them all in the dust. GOOGL was the only company worth over $300 billion to hit a new 52-week high yesterday. It was also one of only a few traditional technology stocks to hit new highs, accompanied by a few semiconductor firms like Lam Research and...
Growth stocks like FANG+ members will definitely prevail in the post COVID-19 world where cost of funding (interest rate) will remain Near Zero for Longer, investors' appetites for yields/risky assets could be high and slow global recovery (growth will be preferred).
Investors are rotating back to “reopening” sectors like airlines, financials and energy. This runs against the dominant theme for most of the coronavirus period, which focused on stay-at-home stocks. Netflix is obviously one of the biggest examples of that “Covid trade.” Not surprisingly, it’s lagged recently as other parts of the market have taken off. The...
Facebook has lagged other big tech and FANG stocks recently. It’s up just 4 percent in the last month, less than half the gain of the Nasdaq-100 in the same period. One reason is that it was overbought after breaking out to new highs on May 20. It then reeled on news of an advertiser boycott last month, but quickly returned to its old range above the January...
FA, - FinTech Revolution (WZR left behind while the punters bet on BNPL) - Loan origination spikes 48% in June 2020. Consistent uptrend - Wisr Ecosystem up 52% - 42.4 Million in Cash - Great vision: Improve financial wellness in Australians. - Strong support from NAB - Good management team including CEO Anthony Nantes - Cool name and logo ( It’s vital for long...
Netflix was already one of the market’s leading New Economy stocks before coronavirus, and the pandemic has simply raised its status as a recession-proof growth name. Now a few things could be lining up in its favor again. First, a rebound in coronavirus cases revives the odds of more social distancing and binge watching. Second, NFLX earnings are scheduled for...
Amazon.com barely flinched when coronavirus slammed markets in February and March. Along with Netflix, it was one of the first major names to break out in April. And now it’s showing signs of continuation to the upside. Few stocks seem to have a stronger fundamental story than AMZN because coronavirus has boosted both halves of its business: e-commerce and cloud...