@benGauvin, Looks like $52 is the next support. But current trend is lower, I'm no longer bullish in the short-term.
benGauvin
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@mistrykam, I saw fib retracement 100% at 51.85 and I agree it looks like it is going to going lower. If it breaks down on that number, I see next support around 44-45ish. Let's see how it plays out.
benGauvin
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@benGauvin, however it is monthly/weekly retracement and demand with long term big support.
mistrykam
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@benGauvin, It might move up because of the 5.8% dividend yield. Check-out TMUS (T-Mobile), thought it follow that pattern.
benGauvin
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@mistrykam, do you mean short term? Because on a 5 years time frame, tmus detached from Bce a lot starting June 2016.
mistrykam
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@benGauvin, Yes, definitely a short-term swing trade. What are your thoughts on FB at this level?
benGauvin
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@mistrykam, I would need to check but last week I did there was support around 156issh so I won't add before that. Also hindenburg omens triggered strongly so I am more short than long starting this week.
benGauvin
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@mistrykam, hi, I've looked at FB and I do not find a great RR on the weekly chart and daily looks better today with big green candle but would see resistance at 166.64 so need to gap over and then next resistance is 169.5
I prefer nflx and I will look at Amazon chart.
mistrykam
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@benGauvin, Thanks for your thoughts on FB, yes it needs get over 169.50 before it goes more bullish. The 50-day on Amazon seems to be a support, might be a good time to buy at this level. NFLX seems to be moving sideways for the moment, 371.60 is a resistance.