The NDX or NASDAQ tech 100 has been heading south. In the screencast I explore the current trend south on the 4H and compare it to previous 4H trends. The characteristics of the current downtrend look different.
This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is making new all-time highs and looking strong.
Conclusion: As there is an uptrend present on the Monthly, Weekly and Daily timeframes we will look for opportunities to enter trades with breakouts on the daily timefrime.
Any comments or questions, do not hesitate to ...
Square $SQ broke out of a small base in direction of the long trend, coupled with very strong volume. A pullback into the buy area would see me buy some of this stock; target is open depending on how price acts, not as shown here.
Last Friday, overall tech stocks plunged due to a macro event where Robert Boroujerdi, global chief investment officer at Goldman Sachs, warned that low volatility in Facebook, Amazon.com, Apple, Microsoft and Google parent Alphabet may be blinding investors to risks such as cyclicality and regulation.
Through this I identified a few major tech counters that ...