Microsoft - NASDAQ:MSFT A bullish monthly and weekly chart: ✅Monthly MACD Cross ✅ Long Term parallel channel intact ✅ Above 200 day & week MA ✅ Cup and Handle (with a high handle - Preferred) ✅ Good Risk: Reward Ratio at 7.6 (51%+ vs -7% loss) ⚠️ Stop loss levels on chart 🫡 A great set up. Those that are patient could wait for a potential pull back (arrow...
In a seismic shift within the energy sector, two major players in the U.S. shale oil industry, Diamondback Energy ( NASDAQ:FANG ) and Endeavor Energy Resources, are on the brink of sealing a historic deal worth a staggering $25 billion in cash and stock. Sources close to the negotiations reveal that this landmark agreement is poised to create a behemoth valued at...
BULZ on the one hour chart is showing a high tight bull flag which typically heralds a bullish continuation. The tight consolidation channel formed today at the POC line of the volume profile. The zero-lag MACD shows the lines under the histogram and about to cross. The histogram itself has dropped to a zero amplitude. The trigger for the bullish...
Amazon.com has retraced almost all of its pandemic gains. Is this an opportunity for buyers? Let’s consider some chart patterns. First is the $101.79 level (split adjusted). It was a peak in July 2019 and a breakout area immediately before the coronavirus selloff in early 2020. AMZN probed that zone in late May and again in mid-June, each time managing to rebound...
Love the look, at the golden fib, volume capitulation wick, weekly RSI at 2018 levels and I think tech bottomed, send it!
If this level holds, we might see a retracement coming in for Amazon. There seems to be a possible complete ABC correction here in the charts. Not financial advice, just entertainment.
Looks like AMZN needs wave 5 of C to end this ABC wave 4 correction.
Currently Sitting at the 0.618 FIB support for the moment but I can see more potential downside in the coming weeks/months. Most likely that will be complete around the .886 fib which has confluence with fixed range pull and the range before Covid 2020 selloff. Correcting back to those old ranges before the Covid Selloff 2020 makes sense after 180 %...
Believe it or not, Amazon.com is little changed since July 2020. Now it faces an uphill struggle as a new year begins. The first pattern jumping off the chart is the downward-sloping trendline that began shortly before Thanksgiving. AMZN steadily trending lower as the broader market hit new highs suggests investors have shifted away from the e-commerce giant in...
Google renamed itself Alphabet in 2015. Now it may be struggling with the 13th letter in that famous text string. Notice how GOOGL nosed above $3,000 on November 5 and 8 but failed to hold. Almost exactly the same thing took place on November 18 and 19. Both attempts left behind solid candlesticks with long tails on top – yet not a single close above the...
Things are looking very similar to how they did in October 2018. > In 2018 FAAMG fell by 25%. > If we correct 25% like we did in 2018, it would take us to the lower support of this ascending channel. > A 25% correction would also take us perfectly to the 100-week MA. > Bearish divergences are shaping up in similar ways as well. It's interesting to note the...
Facebook has been steadily climbing since March, and now it’s pulled back. Notice the rising trendline along the lows in mid-May and mid-June. FB touched and held that line today. Prices are also holding their 21-day exponential moving average (EMA), which provided support last month. Third, the hourly chart shows how FB returned to the $344 area where it...
Amazon.com has consolidated since last August. Now it may be ready for a breakout, especially with the Nasdaq leading again. Friday’s close of $3,510.98 was AMZN’s second-highest close ever. It was also the highest close since September 2, a potential sign of investors accepting prices above $3,500. Next, consider that last peak 10 months ago. It marked a...
those 2 chart seems pretty similar. fact is: it's not only NIO. TSLA too is similar, EV stocks are similar, SOLAR stocks are similar, trendies are similar.. and you know what? APPLE price dropped 80% after that... check this and what else do we see? before that, volume was lowering, but the crash omg, there was so much volume... and what else? well, do you...
Very large double top here. The second peak occurred during the record breaking earnings, and still the stock rejected new highs and swung lower. If we see a trend line break, this can tank hard. Inflation, Interest rates, supply chain problems, Fed tapering, are all risks to come. Upside seems very limited with the downside simply a lot steeper.
I am not a financial adviser. Please consult a licensed financial adviser before investing. Never invest with money you can't afford to lose.
With the anticipation of re-opening of the economy around the world, there is a large capital outflow from tech stocks with hedge funds rotating out of the sector according to BofA Data Analytics. I've been trading SQQQ since 11.30 level moving in an out capitalizing the spikes. 2020 was the year that tech stocks lived up to their potential, but now, how are...
Technology and the Nasdaq have gone through a rough spot lately because of inflation. That may be creating an opportunity in social-media giant Facebook. FB is one of the few major Nasdaq stocks to hit new highs recently. Now it’s pulled back and retraced nearly six weeks of gains. The main chart feature is the “nice round number” of $300. In addition to its...