I'm entering a long position in FNGD today at market open using 60% of my equity.
Why:
RSI momentum positive.
RSI about to cross 55. I consider he path between 55 and 70 an ideal long.
FNGD is sitting on 8,13 and 21 period EMAs providing possible support.
Stop Loss:
4%
Will move up manually is it goes in my favor.
Risks:
There's a FVG area aroun $3.78
Price...
FNGD to go back down to $8.50 before target of $10.51 Nxt
I'm expecting a little retracement back to $8.51 with buy limits set from 8.88 down to 8.51
Take Profits at $10.17 and $10.51
Expect to retrace again and coil up. People will be talking about bears taking over, but the Santa rally will cheer bulls up and give them hope... meanwhile we are playing both...
At an all time low. Leveraged x3 so can be very volatile. This ETF SHORTS the FANG stocks. Not an ETF to fool around with or stay too long as it consists of some very strong momentum stocks. Top ten holdings below.
Falling Wedge noted. Both lines slope down and converge at the apex.
Falling wedges are usually found at the bottom or after a severe...
There is one gap, and one weak trend holding up this pump. TBH, in about 90% of cases I've seen, this weak trend won't hold up, and should favor the downside. This means that tech should be bullish in the upcoming week. With the current market, we can't really know how long that will last, but I assume now that the SIBV news has broke, along with the student debt...
Leveraged and Volatile.
This also measures out to be a Cypher if the final leg of the M pattern does not go too far below D, which is also C of the ABC Bullish pattern.
Cypher pattern is in yellow and shares the 1st leg with the ABC Pattern. Target for the ABC pattern would be D.
MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 is an...
Leveraged ETN x 3.
Volatile and not intended to be held long term as fees can be high.
A falling wedge converges at the apex as the down sloping trendlines narrow.
Considered bullish when price breaks the upper line with an uptrend.
No recommendation/best to buy on market UP days and this ETN is very risky.
Basically this ETN is shorting these holdings:
Top 10...
This stock has been ranging for a while and now bulls are back at it by showing buying pressure at current support. This would be a buy and hold trade for me. I am buying now and just holding it, no target.
test
FNGD offers -3x exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Google ), and other companies that exhibit similar characteristics. Presumably, the index will always include these five companies, an index committee is responsible for selecting the additional names. Eligible stocks must be listed on a US exchange (although ADRs...
1. Engulfing SOR at end of a short time down trend.
2. Stoch RSI oversold
3. Bullish MA intersection
Using Fibo, I plotted my TPs on green, cutloss on red then entry at blue. After assessing possible gain over loss using average TP and CL point, there's possible quick bucks on this tomorrow or next week.
The investment seeks return linked to a three times inverse leveraged participation in the daily performance of the NYSE Fang+⢠Index, total return (the âindexâ). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index...
