Just as GOOG and FB, the trend in AMZN is dead.
It's over for this growth stock for now.
Could see it decline to 1000 or even worse 765, where it would have very strong support in the form of high historical volume and probably a decade old upward trendline to resume it's mature growth trajectory.
Best momentum stock of the big 5 right now (AAPL, GOOG, FB, AMZN) with only AAPL still a hold.
However GOOG, FB and AMZN all point towards a severe correction.
If this occurs it could happen that MSFT and AAPL gets dragged along and will break it's upward trend.
The support and resistance levels coincide in an uncanny manner with the Fibonacci retracements. Once again, the price was rejected off of what looks like a mini double top and has already (almost) made it to the support level. We may see a bounce to form what appears to be a triple top or a brief overshoot as the negative divergences on the PPO and RSI get...
AAPL is at the top of a wedge and we should see either a break out or rejection next week.
Indicators suggest a bullish bias to break out from the wedge and begin making a run to $212 to $234.
From there, the price will either top top and retrace, or begin marching on to $290.
Buying calls with a few puts to hedge would be a good strategy.
Facebook is near the bottom of its upward channel after a pullback this morning, but I expect its upward movement to resume on the strength of its cryptocurrency offering. Watch out for the possibility of a downward channel break. There's support at about 184.77, so that's a good price to buy if you can get it!
Bullish Kumo Twist on 5 year view. price is now above cloud. Once the Tekken and Kegan (or however you spell it) break cloud its is official.
I dont know one person my age (22) who does not use snapchat on a daily basis
Legit companies have begun spending more with snapchat ads
Snapchat is seen as less saturated for businesses looking to...
Last month I shared "LONG $FB - Swing trade into next months earnings!" when price was in $165 zone. I have done well since, accumulating through the month until earnings . With stellar numbers reported in Q1, I will continue adding as we still have a lot of upside left to $220+.
Trade the zones and add slowly. See you all at $220+!