Weekly charts peovide important information!
In these charts, you see weekly candlestick patterns are Identical for the 7 biggest tech companies:
AAPL, MSFT, GOOG, AMZN, TSLA, FB, and NVDA have made a bearish candlestick pattern last week.
MSFT, GOOG, AMZN, and TSLA made Bearish engulfing pattern or Brarish outside bar! after a bullish rally in the past 6-8 weeks!
S&P 500 and NASDAQ 100 also made the same pattern:
Short interest for these tickers is between 0.55-1% except for TSLA which is 2.56% and AMD 6.25%.
And, Put/Call Open Interest for the next 30 days is between 0.74 to 1.8, which is relatively high for these tickers..!
Having said that,
In December 2021, the stock market will face challenges such as Omicron, Fiscal year budget, Debt Ceiling, and Quadruple witching!
I am confident that we are going to see a very volatile December and possibly a correction!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
AAPL, MSFT, GOOG, AMZN, TSLA, FB, and NVDA have made a bearish candlestick pattern last week.
MSFT, GOOG, AMZN, and TSLA made Bearish engulfing pattern or Brarish outside bar! after a bullish rally in the past 6-8 weeks!
S&P 500 and NASDAQ 100 also made the same pattern:
Short interest for these tickers is between 0.55-1% except for TSLA which is 2.56% and AMD 6.25%.
And, Put/Call Open Interest for the next 30 days is between 0.74 to 1.8, which is relatively high for these tickers..!
Having said that,
In December 2021, the stock market will face challenges such as Omicron, Fiscal year budget, Debt Ceiling, and Quadruple witching!
I am confident that we are going to see a very volatile December and possibly a correction!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Comment:
All correct except AAPL, this analysis is valid until proven otherwise!
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