FANGs and technology companies could see an additional 20~30% drop as the inflated pressures of pricing expectations deflate. Technology, much like the 1999 DOT COM bubble, have been inflated over the past 2+ as foreign capital capital has rushed into the US market for safety and security. This recent rotation could be the beginning of a deeper price rotation in...
TECS could move aggressively higher over the next few days and my analysis shows any move above $23.00 could be a very strong upside play for at least 5+ days. I'm not suggesting this downside move in the technology sector will last long, but I am suggesting that critical support is still quite a bit lower than where prices are right now. Take a look at my...
I am not an IBM fan but heads up at these levels as I see undervaluation of IBM Possible safe play hedge --> long IBM + short a tech stock I will be entering a long position - I believe shortly- at $140 watching the action for now Keep it REAL!
Currently I'm in July $33 and August $32 calls just waiting patiently through the whipsaw. But technically speaking it looks like DBX needs to clear the 33.23 area in order to really gain some momentum to the upside. The candle on July 11, 2018 could quite possibly be a morning star reversal if DBX can break out of its triangle. Line in the sand is obviously...
Purely technical , but I decided to short snap cause of the trade location
NASDAQ100 ETF QQQ: Since the bottom reached in Feb 2016, over 80% return on QQQ (daily candles). Equal weight NASDAQ100 ETF (QQQE) underperforming tremendously (daily blue line) as Top 5 stocks in QQQ = 46.2% of funds
$MDB is a great company and I like the technology (I'm a software developer). Although I think with today's candle closing near the low, a potential gap down is in the books that could trap people that bought yesterday. So there's a potential to make money with puts or shorting the stock if that gap down does occur. Would be a gap and go. For at least a couple...
These custom support resistance indicator lines show decent places to enter or exit. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long. If your instrument closes below the Red line, we think about Shorting. For Stocks, I prefer to use the Yellow line as my Bearish Trend setter...
Facebook has been one of the top performing stocks of 2017 and is part of the FANG group of companies that represent the best of the tech sector. Since the disclosure of the activities of Cambridge Analytica, the stock has taken some beating before finally finding the path to recovery. Currently, the stock is trading within a bullish channel pattern. However, I...
Since the 2000's Google has always been a growth story. As individuals in this information age it is hard to imagine a life without GOOG. From searching up information to sharing photos, advertising to booking flights, google has become an indispensable part of our lives. Privacy concerns since the publication of Cambridge Analytica's activities dented the growth...
In my humble opinion there was a sort of overreaction triggered by short selling yesterday upon IBM's earnings call. Numbers were not great and guidance was lowered. Nevertheless, the blue chip has created a stronger position to capture growth in the IT business related to cloud computing, cybersecurity, and artificial intelligence technologies (15% yoy...
Technology sector is at a Weekly Fib Suppport. 1 Price Projection, 2 Retracements.
I'm going to share some of my thoughts on technology stocks, and talk about why I am concerned about the future of tech stocks / Nasdaq composite. The red boxes indicate major pullbacks, the blue boxes representing short bear markets. One thing to note is that the bear markets indicated in blue are tradable, whereas the major pullbacks in red really aren't....
Facebook has been in the limelight for tanking cause of the news , but this chart shows that the tech sector has been tanking for a while now, will it continue I don't know but my outlook is bearish until price breaks through 68.37 in XLK
hi all based off of fibonacci extensions and my special entry system i am looking at a short of AAPL for the next week or two. i am using fibonacci retrcement for my tp levels. im also using previous support and resistance levels for probable revesral points. we will see how it goes. if you like this analysis please follow my team and i here t.me
Intel is a stock with strong relative strength in Tech sector that has strong relative strength. This is a good combination for a bullish breakout to continue higher. Use options to play breakouts with limited risk. Example: Apr 20 50/57.5 Call Vertical @ $248