just bought hopefully towards the bottom of this over sold move and will be selling between 147-157.69
that should be a quick 20% build off of the 20% made on FNGD
That may be my last trade. Possibly go into FNGD again at the top but may be looking for a VIX play to go off volitivity
FNGU on the 4H chart is in a trend down within a parallel channel. The previous trend down
from the top of the channel to the bottom was 29% while the counter counter-trend up from
the bottom of channel to the top was 18% over 7 days. Presenly the trend down from the
upper channel is confirmed by the two RS lines near to the 50 level and the Awesome...
8/22/23: AMEX:FNGU daily shows a recent head and shoulders formation with a price target at around 135ish. Zooming out, we see that a potential cup and handle may be forming with PT at 400 in 2024 if the handle manages to break out.
FNGU is triple leveraged ETF of the titans of the NASDAQ; I expect it to come back front
of volatility in the market quickly as its constituents are the leaders here. I hope to exploit this
for 10% before COB for the trading week in the next two days.. A volume profile and mean
anchored VWAP using metrics employed by institutions and those executing with...
This is my all time favorite ETF, AMEX:FNGU with is 3x of some of the ten strongest companies in the U.S. We are in a beautiful upward trend and even though a pull back may be coming (we see 8 consecutive green weeks), I still think AMEX:FNGU is an excellent deal. R at 235 and S at 165.
Love when we draw charts and candles move beautifully in that direction. We spotted the Cup and Handle Formation in early May and set a price target of 156. I didn't think it would come this soon but glad that it did, with AMEX:FNGU hitting a high of 163 premarket yesterday (Tuesday May 30) before pulling back. Still a strong stock overall but think you can...
Great run up so far, looks like there should be a healthy pullback this week. Look out for the $94-95 Level for support. Stop Loss around $93, if FNGU gets below that it could retrace all the way to $80 which is another good buy zone. I'm long on this stock and not looking to invest in its inverse (FNGD) unless FNGU drops below $93
Not financial advice
Technical: The fund looks to be bottoming following the collapse of 2022. The weekly chart is strong with volume coming with upside move.
Fundamental:
The Bank of Montreal MicroSectors FANG Index 3X Leveraged ETN (FNGU) is an exchange-traded note that seeks to provide 3 times the daily leveraged return of the NYSE FANG+ Index, which consists of 10 highly traded...
FAANG reached its H&S target move exactly at the 0.786 Fib Retracement level around12.50. This is also
The bottom of my slanted pink FIB CHANNEL.
Most of the stocks in FAANG are still profit machines despite rising rates & inflation, maybe except FB & Netflix which recently pulled FAANG down a lot. If earnings come out A LOT BETTER than analysts’ projections, this...
FAANG FNGU stocks still have upside once this recent wave 4 correction ends. Most FAANG components will still have big earning potentials in 2022. With some like Netflix & Fb already making big enough corrections, others may see a lot of volatility in 2022 with end of QE & multiple raid hikes coming. However, stocks in general rises together with treasury yields...
I went long this morning based on my VIX and other Indexes Indicators.
Let's see how this works out. I am also long TQQQ this am.
I am nimble though and will reverse my position if my TA tells me to.
Not a financial advisor - just posting my ideas. Have your own plan and do your own due diligence.
Success and Money is not made with one trade however a good strategy.
With the economy looking like everyone is staying at home, the FAANG stocks will come back. Looking like a parabolic move like what happened in 2020 after the March crash.
MACD starting to turn. Osscilator showing a buy. Nice price to get into in the highlighted purple section
Been trading sideways since Januray of last year.
In this weekly chart,Faang stocks etf completed a bearish W-pattern & fell & now consolidating around the W-neck area 33 to 37 undecided where to go. TNX rates are going higher which puts pressure on growth stocks like XLK FAANG stocks, SMH while some money seems to be rotating to value stocks like DIA, IWM & IYT.
The good thing is Metaverse is here to stay so...
![FNGU: [etf] 3X FANG ETF - FNGU - Value pricing for ETFs?](https://s3.tradingview.com/g/GPrNNZ5J_mid.png "[etf] 3X FANG ETF - FNGU - Value pricing for ETFs?")
