This AAPL weekly chart shows all the support levels back down to where 2019 projected revenues will be in line with the previous Dark Pool Buy Zones of 2016. The 2016 support price range is strong, fundamental support for the stock. As you can see, AAPL doesn’t have precise technical support levels. Even on the weekly chart, the stock price does not stop falling...
The Daily Chart of COSTCO Stock shows that there is some sell short potential on the short-term trend IF the stock breaks to the downside below the low of around 216. At this time, it appears that is more likely given the lack of large lot buyers in the chart patterns. Support levels show the point gain potential moving down from the current range-bound...
Intuitive Surgical Inc., under the Medical Instruments and Supplies industry, has had strong growth over the past 3 years but it is now facing the risk of a topping formation. The topping pattern is near the phase where a completed top could occur and then downside action would include sell short professionals and sell short HFTs. Support doesn’t kick in strongly...
Target and Best Buy reported earnings today and their stock values fell, TGT worse than BBY. The retail brick and mortar stores are the last group to report each season. The ubiquitous AMZN has put most of this type of store at risk of total displacement as consumers prefer the ease and speed of online shopping over driving to a store. Technical patterns are...
Facebook, FAANG stocks and other big tech stocks too were bound to have a rough day with gaps down and runs down as NVDA reported lower than expected earnings after the close yesterday. NVDA had a massive gap down today. FB had a small gap down at open. Volume Oscillators reveal an increasingly weakening price trend when below the center line, indicating the sell...
NetApp was one of the earliest companies in Cloud Technology. It had a stellar rise in price in 2018 but is now at risk of a topping formation. Data Storage is still a growth sub industry of the Cloud Industry. However, NTAP has gone beyond its fundamental values for 2019. Support levels are on the chart. Bounces should be expected around these price levels. This...
SL@1289.81 TP@1240.10 1% RISK/RIESGO
SL@1.32694 TP@1.32257 1% RISK/ 1% RIESGO
Selling continues as no known support for this level. Goodlock traders