Short term bull until this move with FB and QQQ finishes. Possible profit taking and strong resistance around diagonal support line 1 could keep the price in zone 1 (red circle). Lines 2 and 3 currently offer support. Should see a typical 10-15% sell off this would send FB back down to zones 2 and 3, with support at lines 4 (black) and X (red). The 100 day moving...
To me Amazon is a clearly heading for new heights, as the Coppock curve ( Eclipse) has just turned positive, also so has the Aroon oscillator, showing a positive trend has emerged. This is supported by the Cyclic lines showing the positive stock trend is just one of many. The 50 moving average is providing support, and the stock recently broke out of the sending...
Wanted to make this post as FB as opened up a chance for a lower risk entry point.
FB has pulled back 6% which is the first time in months that it has given any $ away to the market - hence i recommend buying and holing until 1$20.
Trading strategy
I suggest buying in a pyramid, and adding more long FB if it continues to fall e.g. 1@114 2@111 3@10 6 etc...
Volume
Apple Volume traded up for the first time in 4 days on thursday, increasing 25% from 20m to 26m, whilst this may be considered bearish - as increased selling, it is important to not 26m is still 35%-40% below the 4wk and 6month average.
Volume cannot fall forever and we have been trading at extremely low volumes all week, so given these facts, a modest...
