if so, a powerful move would drop the stock below 720. watch technicals
Entry was made before markets closed today.
TWTR , a big name in social media. But who wants to buy Twitter and why? Well what ever the reason is I am not buying it as it doesn't make sense to me how a general everyday service product should have such high valuation? I would but TWTR if it's under $10. Actually let me take it back. My valuation is around $1-$3 at best. Because Twitter didn't add value other...
CRM Salesforce is gone. Even though it is trying to buy Twitter but don't think it will be successful as Goggle and other hungry birds are out there. Even if CRM buys twitter still there stock are sale because it's a falling knife. And if there is a bounce that means more to upload with short side. There are 2 green support lines from 2009. One has around $60 as a...
Price reached 790 level and probably we'll see reversal and correction wave. MACD and RSI formed bearish divergence. DMI allows open short trades. We can place a pending order below MA20 and stop above the swing high. Profit target can be MA50.
Google is headed back down after getting close to the all time high. After thing past the 15 min. Looks good for a short. You can see with the arrows that this is over priced and headed back down to the 798 level. This is a multi-day trade set up. I don't see this catching on and becoming the floor so get in while you can.
We broke out of last two downward trendlines. 782.60 is a fib trend target Tech titan has to hit new ATHs to propel SPY to 2200 Enter at 785 S/L 777 Target 794-800 R/R 1.125
Google seems in a corrective phase after the previous impulses. I'm expecting one more wave up, at least to upper trendline. If the rising trendline is broken with a strong impulse it could be a deep correction.
Busy chart, so bare with me. Bold call, but the more I look at the FANGs on a combined chart, the more I see an (incomplete) bump and run reversal (BARR) in blue. A head and shoulders is present within a broadening formation in white, that gives room for the H&S to complete. Support in green, resistance in red. Down.
GOOGLE IS VERY STRONG, SO ANYBODY WANTS TO SHORT EVEN WITH OPTIONS MIGHT NEED TO HAVE IRON HEART AND GOD GIVEN TIME TO SEE THE DECAY OF THIS STOCK. BUT WHEN IT WILL FALL; IT MAY FALL HARDER BUT YOU NEED TO BE ABLE TO SEE THAT IT IS COMING AND IT MAY NOT HAPPEN ANYTIME SOON, SO HAVE patience. If it touches red line then probably good time to go short but it's...
Over the last 10+ yrs 3 amazing BULL rallies I think we are due for a 4TH....
An average of the FANG stocks tells an interesting story and serves nicely as a bellwether of market sentiment and investor's appetite for speculation. These stocks on average are trading very high price relative to forward earnings. Recent selling action suggest the market is beginning to doubt that these high flying stocks can live up to the expectations for...
Dear Viewers, The google movement to the downside happened as expected. But the price moved too quickly and I was unable to ask my viewers to exit at the 688.57 level. That is the level we were supposed to close the trade at. I apologize for the delay in posting the exit call chart. Nevertheless, the price is still at 694.68 which is below the 697.50 at which...
The price will go below the current price. Price cannot exceed 702.46 Target price is variable as always. Exit price will be mentioned in one of my further updates on Tradingview.
Seeing a lot of lower supports being tested/broken around the market. Lower lows and lower highs all over. It's really difficult to determine where the market could be heading, but I think this chart is a good indicator on what we can see going forward.