👀TRADE IDEA: $FNGU- Great looking base - Move above $352 with good volume is a Buy pointLongby TintinTrading111
FNGU // SHORTOnce the price frees itself from the upper band, our target is the 22 exponential average.Shortby aet612
FNGU - MicroSectors FANG Index 3x ETN 1/8/2023DPO 62 being used with chart TA above the 0 and below the 0 line. No Options on MaxPain maximum-pain.com Must trade this as cash.by ch222
Quick Flipjust 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 Longby keepATLfunky3
FNGU- Technology Titans CounterTrend LONG on ReversalFNGU 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 Oscillator with a down going signal. Trade plan - I will trade FNGU short ( or FNGD long ) until it is at the bottom of the channel. Upon reaching it and mindful of a fake breakdown. I will watch for reversal signs on a lower TF and upon finding them in the MACD or Bollinger Bands or VWAP bands I will close the trade and so long instead.Shortby AwesomeAvani2
$FNGU Daily - Cup and Handle 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.Longby Skyy9991
FNGU- the leaders of the pack will come back first LONGFNGU 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 blocks of voume. Analysis and target levels are on the chart for pureposeful brevity. Trade on !Longby AwesomeAvaniUpdated 5
$FNGU - Weekly (Going Strong!)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.Longby Skyy999221
$FNGU Weekly - Hits Our Price Target (and some) Yeah!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 wait to get in at a better deal if you like.by Skyy9991
$FNGU - WeeklyPotential Cup and Handle formation in AMEX:FNGU Weekly charts, with price target at 156.by Skyy9991
FNGU Retracement for first half of AprilGreat 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 Longby keepATLfunkyUpdated 883
FNGU a possible play on long-term reversal in tech sectorTechnical: 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 technology and internet-related stocks. There are several reasons to be bullish on FNGU as an investment opportunity. The technology sector is a rapidly growing industry that has shown resilience and stability, even during economic downturns. The NYSE FANG+ Index, which FNGU seeks to replicate, is composed of 10 highly traded technology and internet-related stocks, including Facebook, Amazon, Apple, Netflix, and Alphabet (Google). These companies have a strong track record of growth and innovation, and are expected to continue to perform well in the future. FNGU provides investors with an opportunity to gain leveraged exposure to the NYSE FANG+ Index. This means that investors can potentially benefit from amplified gains in the event that the underlying index performs well. While leverage also amplifies potential losses, the use of a 3X leveraged ETN can provide investors with a potentially significant return on investment. It is structured as an exchange-traded note (ETN), which provides investors with several advantages over traditional investment vehicles. For example, ETNs can be bought and sold on an exchange like a stock, which makes them highly liquid and easy to trade. Furthermore, ETNs are typically more tax-efficient than other investment vehicles, as they are not subject to capital gains taxes until they are sold. The fund has a relatively low expense ratio compared to other leveraged ETFs and ETNs. This means that investors can potentially benefit from higher returns, as a lower expense ratio can result in a higher net return on investment. Finally, FNGU provides investors with a unique and potentially lucrative investment opportunity in the rapidly growing technology sector. While leveraged products come with increased risk, FNGU's focus on highly traded technology and internet-related stocks, its leveraged exposure, and its low expense ratio make it a bullish investment opportunity for investors looking to gain exposure to the technology sector. However, it is important to note that leveraged products such as FNGU are intended for experienced investors who can handle the increased risk and volatility.Longby andrew.sachais10
FNGU Possibly BottomedLove the look, at the golden fib, volume capitulation wick, weekly RSI at 2018 levels and I think tech bottomed, send it! Longby ghengiskahnspermshot110
FAANG met H&S target@0.786; Earnings week scenariosFAANG 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 12.50 level may already be very much near the bottom of wave 4. Then wave 5 starts with the different impt FIB levels on the chart as TP areas until the H&S neckline. Wave 5 may peaked sometime in 2023 before a potential recession. But if earnings disappoint, we may see lower prices in the green box around 9.25 which is also FIB 0.854 level. From there a consolidation follows until it bounce from the bottom of grey slanted FIB CHANNEL. Not trading adviceLongby xtremerider81
FAANG: using FRACTAL to predict wave 5.Volatility ahead in 2022FAANG 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 TNX. Watch TLT bonds & gold carefully to see if a rotation to safe haven happens. I copied the fractal of previous wave 5 of a smaller Elliott cycle to see how FAANG stocks may behave in 2022. I think a lot of volatility is coming & a lot of weak hands will be shaken out before wave 5. Not trading advice…just my opinion.Longby xtremerider8220
Long here for meI 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.Longby SwingTechTrader660
[etf] 3X FANG ETF - FNGU - Value pricing for ETFs?FNGU is at a great value for potential swings? We will see? Use of Pullback Alerts is recommended. Edutainment Purposes Only! Longby PortfolioBuildersClub112
FAANG stocks coming back into playWith 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. Longby Brother_J0
FNGU barely holding Up Channel with no definite directionIn 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 many of FAANG components will benefit like FB, MSFT, NVDA. That may be the reason why FNGU is still fighting to hold its up-channel. Failure to hold 33 will see next supports at 28 & 24. A lot of money has been pouring into FNGU since Nov of 2019 as seen in the big green Money Floe Index inside market cipher. If 33 holds, there is still room for wave 3 to run.Longby xtremerider81
FNGU going Sideway?Where's FNGU going? Chart has shown down trend showing Lower Lows and Lower High. However it broke that trend on Dec 23 and been going side way. If price break above $40, I'm going Long If price break below $36.6 I'm going Short, (buy SPXS) by J_HaUpdated 1
Fang over bought? stock variation of a far after market structure has broken now it a out view very wide angle blah blah blahLongby SnipingRabbit0
[ETF] Microsectors FANG 3X Index - FANGU - ready to swing?FANGU may be ready to swing upwards after double bottom pattern. We will see? Edutainment Purposes Only!Longby PortfolioBuildersClub1