Here we have the market cap weighted FAAMG (FB, AAPL , AMZN, MSFT, GOOGL) index I created. We have been creating an ascending triangle similar to 2019, with a measured move we could be looking at a 50% increase in these stocks over the next months.
I am buying at the open. Also, I am saving cash in case if pulldown to buy more and accumulate. Hedgies will have cover before earning. Q3, Q4 had a huge profit and price is still under Q4 earnings???come on give me a break!!. Price should hit new high before earnings based on machine learning. Expect 500 more point before earnings. Triangle height is 500, so expect a new 500 extra extension before earning. After earning expect AMZN usually pops 10% avg. So we're talking 4400' s close to 4500 next day of earnings. MILLENIALS are still receiving stimulus check this week. They will help with force to squeeze shorties this week
Investmentsgr
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Interesting approach! Thank you for sharing your chart.
ashrafesmael
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Are we seeing a break out to the downside instead?