In a previous post, we explained that we were waiting for a retest to develop setups after the breakout of the current range. You can check all the processes on related ideas.
Now the situation is ready. How will we proceed from here?
The setup execution is pretty straightforward; we will open bullish setups on a new ATH and define our stop loss below the...
The FAAng Stocks index price didn't break up the 23 level fibonacci and red angle line yet, but took the EMAs lines as support. The Relative Strenght is getting force to 49.2 points so the confirmation is neede if the uptrend continuity is real.
The price in FAANGs stock didn't break up EMA 20 but confirmation is needed for supports breaking down of EMA 60, 23 fibonacci level and blue angle line. RSI is weak at 37.3 points likely a down trend continuity.
After aproving its second retest in the range of 591,42 NFLX stock are preparing its breakout for the next signe of a storng buying and long position.
Now the situation is ready. What should we do?
As you're seeing on the chart the market is clearly above the VWAP Indicator, and we are surly protected as well as we are above it.
The target we will use going to...
Facebook has tested the 50sma at least 4 times since March 2021.
Transposing the past trends from the 50sma to today's action we get several targets for taking partial profits.
OBV is still in a supportive uptrend, however, RSI has reached its worst level since mid-March at 43.
Very clear opportunity to enter a position now around the 50sma. If the price...
NFLX, similarly to AMZN, likes to consolidate for long periods of time prior to large explosive moves.
If you're still risk on, keep Netflix on your radar. It's nearing a breakout on the weekly timeframe from a consolidation period just over a year in duration. Similar weekly breakouts of clean patterns would be ADBE and HD with their 1W Bull Flags leading to...
Idea for AMZN:
- AMZN drops on earnings from missing on expectations.
- Inflation expectations are everything, not earnings or EPS.
- Not a BTD, but reversal... It can go to 1600 after. Big Tech will be in trouble.
Traders, FAANG (Facebook, Apple, Amazon, Netflix and Google) share basket is forming a hidden pattern which can push these stocks down. However there are certain conditions that we must have. In this top down analysis we see how Fibonacci Confluence Pattern (FCP Pattern) is forming a zone which can create a massive trade opportunity.
If you are invested in any of...
The above chart shows the daily time frame for AMZN. Price action has charted a lower peak ahead of the company’s quarterly release. It seems it's at a tipping point in the short term. If price continues lower along the broken red line trajectory a lower trough will chart. This will put the company into a downtrend on the daily. The second possibility is that...
Google's price has been in a clear ascending symmetrical channel for almost 10 months now. The bias on this should be bearish, however, Google has just bounced once again off of the lower level of the channel thus confirming it as support once more. Downside risk is around 2.5% as a return to the lower trendline would not be out of the ordinary. A break and close...
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.
Massive complex H & S pattern. It may indicate that the top is in. With Inflation worries, Supply issues, Fed tapering, Interest rates to increase, there are a lot of reasons that support that a top may be in.
Pre market strength in all of the major indices. It doesn't have to continue, but if it does then look to buy flagging areas.
There was a little bit of a sharp drop across the board around 9:15. When I see the unison nosebleed I tend to think that markets will eventually lose buyer support. I have seen buyers ignore the nosebleed in the past, as long as it's...