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...
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.
The monthly chart allows use to see the struggle that is truly presenting. Bulls are having a difficult time defending this price level and confirming 2012 resistance as support. We can also see that prices are trading above the long term trendline. A test of the "trendline" would violate the current 50% retracement and support additional distribution. This...
FB has been an exciting stock to trade. In April we saw signs of large profit taking confirming distribution into highs; however, bears were unable to break support. This allowed bulls to define prior resistance as support and suggest that bullish absorption of supply was present
The large buying volume that made new highs but became a failed rally is...
Facebook is walking a "fine line" and is at risk for a reasonable "pull-back" (up to 10%) as it appears to be in distribution. So far the bullish upswings have been unable to regain ground within the ascending channel and therefore are confirming prior support as resistance.
The price rejected 3 times the support area, becoming a strong trendline. MACD bullish. Gap to fill. Good risk/reward ratio. I've analyzed the bearish scenario too, just in case of breakout in the support line.
An appreciation of the beauty of Gann box. Netflix goes to a perfect 38.2% deep retrenchment and flip back - creating a possibility of ABCD pattern for the flat triangle.
Will it fill the gaps at the bottom that it didn't fill last time?
I can see that it will go to 58.53.
But before that will it goes back up and fill the gap that it created today before it moves...
![AAPL: [montly chart] Risk remains for longs $SPY $QQQ](https://s3.tradingview.com/z/zpwpWA82_mid.png "[montly chart] Risk remains for longs $SPY $QQQ")
