An average of the FANG stocks tells an interesting story and serves nicely as a bellwether of market sentiment and investor's appetite for speculation. These stocks on average are trading very high price relative to forward earnings. Recent selling action suggest the market is beginning to doubt that these high flying stocks can live up to the expectations for...
Amazon is likely to fall between thursday-monday Offset timeframes and compare price action to see a spike is coming down below.
Since AMZN is expanding its services by adding video streaming, would it make sense to acquire NFLX?
Demand zone on the daily chart should give a great entry for a long term position in the retail juggernaut that is Amazon. Entry: $683.85 Stop Loss: $654 Target $740
Seeing a lot of lower supports being tested/broken around the market. Lower lows and lower highs all over. It's really difficult to determine where the market could be heading, but I think this chart is a good indicator on what we can see going forward.
Trading range 750-712.5-675. Must stay above midpoint 712.5 to continue run towards top end of range 750. Break below 712.5, bias towards 675 range support. Watch immediate trend line.
The monthly chart allows use to see the struggle that is truly presenting. Bulls are having a difficult time defending this price level and confirming 2012 resistance as support. We can also see that prices are trading above the long term trendline. A test of the "trendline" would violate the current 50% retracement and support additional distribution. This...
FB has been an exciting stock to trade. In April we saw signs of large profit taking confirming distribution into highs; however, bears were unable to break support. This allowed bulls to define prior resistance as support and suggest that bullish absorption of supply was present The large buying volume that made new highs but became a failed rally is...
TP1: 618.76 TP2: 586.73 TP3: 554.69
Facebook is walking a "fine line" and is at risk for a reasonable "pull-back" (up to 10%) as it appears to be in distribution. So far the bullish upswings have been unable to regain ground within the ascending channel and therefore are confirming prior support as resistance.
Short-term MARKDOWN is threatening larger timeframe DISTRIBUTION $114 TARGET for now
I don't usually read much from daily patterns. This one is just for fun. It is going to break the lower bound of the sliding channel any time soon. But before that, it can temporarily go up a little bit.
using bounce to scale in on cheap puts. Short term bearish