A really simple chart that I want to share to show the outperformance of tech the last few months. The Nasdaq-100 is now up 23% YTD. 23%! Who saw that coming after the March crash? Not many.
It will be interesting how much higher the tech sector can go, but it sure is fascinating to watch. In a way, it's the ultimate pain trade for a lot of the legacy investors...
The yellow channel is the average value of the stock, it is here only for information. The green channel is our current short-term trend. We need a rollback to the level of 240-250 to achieve further goals (Goal 280-300), at the moment the stock is overbought.
FACEBOOK IS GOING DOWN this is the end of the UPtrendI suggest to get rid of all your position in snapchat you can check my ideas I'm 99% right about the stocks.If you need any help about any stock please contact me i will be glad to help.If you are a stock investor and you want advice please contact i will be glad to help. .
Facebook FB showing signs of a weakening trend, and we will most likely have a little gap in the opening price. The 1D candlestick closed bearish, with a lot of strong resistance pushing the price down.
Some KEY levels are $248, where there is now some support built up, $224 and $207 if that does not hold.
We have seen some major pullbacks of the stock...
This chart shows the immediate reactions of Amazon, Facebook, and Google earnings. Who won? Facebook is at all-time highs during this writing. It's also trading higher by more than 6%. The initial Amazon reaction is +4% and Google is +1%.
Here's a breakdown of each report. These earnings report snapshots com courtesy of LiveSquawk:
Amazon Q2 20 Earnings:
This equity has had plenty of time to consolidate at near the physiological support of $1,500. Descending wedge pattern and negative RSI divergence insinuates that a correction to the $1,300 could be seen this week. However, with price action supporting the current level very strong the last 2 weeks; a test to $1,650 is well within the range of possibilities....
The big probability that Stock of Facebook will drop out Next days .
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Based on technical analysis, Facebook has just got out from a Sideways Trend - Pause of the Market before resuming its previous bullish trend - and the idea is to go long as per major trend but wait the end of a possible price set back (Return move) before going long Target Price 280 USD.
Breakout of the level 250 USD (with the Target price of 270 USD reached.
After a slightly less volatile week, BTC has pulled back from testing the $12000 price level. Analysis of Trend lines, RSI and general supply/demand suggest the retest to $12,000 is more likely then not! Looking for price action following this retest for double top formation and possible short entry. Fail