FNGU to BounceI am not a financial adviser. Please consult a licensed financial adviser before investing. Never invest with money you can't afford to lose. Longby Kingstevieb1
FNGU HnS and neckineBreaking down on the NQ1 and the FNGU. SHould have a neckline retest but don't know when. But for now the trend is to the bear side. by hanzhao3110
Looks like a Short here.... SOXL has downward pressure here - may go south. Shortby SwingTechTraderUpdated 0
16 Price Characteristics Impacting Future Price Action and Trend16 Price Characteristics Impacting Future Price Action and Trend Strength Cycle Amplitude Cycle Period Bar Retracement Symmetry Average Bar Range (ATR) Price Persistence The Average Bar Stochastic Ratio (closing price compared to bar range) Average Candlestick Real Body to Range Ratio Angular Symmetry and Momentum Barrier Proximity Frequency and Depth of Trend-Based Oscillations Relative Measure of Consolidation Size and Duration Third Gap Exhaustion Completion of the Average Period Range Overextended Price Action with Respect to an Overlay Barrier Volume Spread Action Volume and Oscillator Divergenceby PRoldi3Co0
$FNGU Bearish breakdown, Possible re-test of lower range of BB$FNGU 4-hour candles. After a massive run, FNGU has fallen out of the upward channel it's been in. We also see RSI breaking down below overbought zone and Stoch pulling down too. Also note falling volume as price has been increasing. This would appear to signal a change in trend. Now expecting a pullback to test the lower range of BB. Disclosure: Long $FNGDShortby s0r0s0
FNGU great setup into earningsbullish decending wedge breakout, MACD turning positive, higher lows on RSI. only nasty looking thing here is the 50/200 day moving averages, but this looks like a very nice way to play the big tech names going into earnings over the next month.Longby tacosaurus1
Bear Flag for FNGU 3x etf (updated) - 23% downside possibleIt's shaping up to be a bear flag. If right, we could see 23% downside, with a price target around mid $22. by Huntz3
Potential bear flag for FNGU - maybe 45% downside? FNGU is a 3x leveraged fang etf. We've had a small consolidation (flag) but now we've started moving downward again (potential bear flag pattern). Bear flag price target of roughly $15 would mean a 45% fall from current price. Price target lines up with support levels of around $15 which we bounced off of multiple times in September 2020. We also recently crossed below the 50d MA on the 4H. by Huntz0
FNGU, 3x FANG ETF, bears are going back to being endangeredNo raising rates til 2023. FOMC bullish af. Don't buy puts. Longby amfunkUpdated 0
FNGU Undergoing Seasonal DowntrendFNGU tracks the NYSE FANG+ Index ans the NYSE FANG+ Index almost always starts a downtrend in mid December, which last until the first week of January when it resumes an uptrend. Since this is what almost always happens, it is safe to assume it'll repeat the same process. So entry into FNGU is idea on the final trading day of the year unless the downtrend ends sooner, which has happened before.Longby Anime2
Lot of indicators on here flashing RedI normally wouldn't post this on SPX but I get the impression there are a few that would appreciate this info and I don't feel like I've contributed enough to this group. Going parabolic is nothing new, finding the top is. That overbought indicator has been accurate 8 months in a row on this stock, going in on FNGD is either going to prove to be a short small loss or a short term big gain. Any and ALL Opinions are appreciated. I have 1/2 dozen other charts on this stock that reinforce this idea, I just need to figure out how to share more than one chart yet lol.Shortby z3m25Updated 889
FNGU ChannelThis is the FNGU ETF at the 4 hour. It's a 3x leveraged ETF for mainly big tech. Well, FATMANG stocks make up over 40% of the NQ - possibly more by now. This is one of my favorite ETFs to swing trade and scalp. The channels are aligned with the NQ channel that I published. FNGU found support at the middle of its channel... just like NQ. I am not sure how far this bounce will be. NQ can make great gains, but the weak breadth makes rallies hard to sustain. This is why I am waiting for the NQ to reach a major support. As you can see with FNGU, you can lose a lot in one day. If you wait until major support, you can serious bank the big bounces. The last big bounce increased the FNGU by over 60% within 2 weeks. I am not a financial advisor. However, I would not recommend holding this ETF for long periods of time. 1-5 trading sessions at most. If you want to mitigate your risk, just scalp it.by Itsallsotiresome3
FNGU Next entry off 20 EMA bounce?AMEX:FNGU Big tech rallying NASDAQ despite on days the DOW & S&P have been red so its hard to jump on the FAANG bandwagon. Considering an entry on the next bullish bounce off the 20 EMA. Longby KCView884
1 Forward 2 Back 10 Dollar$ up and 20 Dollar$ down to see the 200MA or fill some gaps. I think possible if there were 8 days in a week. But what is normal anymore? Longby CopperMaiden224
A Great ETF to own Apple, Tesla and AmazonRecently, I notice Amazon is overvalue. Massive hiring during this season is normal because they layoff too much delivery force after Christmas. Amazon also ended their relationship with Fedex and start doing more in house delivery fleet. Amazon lost a $10 Billion dollars contract with DoD and try to take it away from Microsoft, I don't think Microsoft will be willing to go down that easy and handed a $10 billion dollar contact to Amazon. So, I believe the money that flood into Amazon stock will crash really soon. Overall, Amazon is a good company. I am looking to buy into a dip on this ETF.Longby Golfistry5
FANG+ Stocks: Buoyed in 2020 by Solid Earnings and Low RatesFor those who have followed my ideas over the past several months at-least, know that I remained bullish not only in the entire stock market on a broad basis, but US Tech was one of my top picks for continued growth which has deemed correct. I went on to say that 2020 will be a better year from peak to peak growth over the broader markets than 2019 which for now, is correct. In-fact, even compared to "experts" across the lamestream media, I was one of the very few that actually believe 2020 would be a better year for the broader market than 2019 and not only has this deemed correct, but it will remain correct. FNGU represents one of the best leveraged funds in the entire market and significantly better than the popular TQQQ, and even superior to the other popular 3x ETF TECL. The companies the stock follows are diversified in a 10% weighted classification which is reset quarter by quarter. In 2020 I view all 10 of these boasting significant and continued growth. - Tesla (My TP: 1000+) - Nvidia (My TP: 350) - Alibaba (My TP: 275-300; if Chinese GDP rebounds in Q2 then 400+) - Bidu (My TP: 175-200; if Chinese GDP rebounds in Q2 then 250+) - Twitter (My TP: 45) - Facebook (My TP: 250-275) - Apple (My TP: 375-400) - Amazon (My TP: 2800-3200) - Netflix (My TP: 425-450) - Google (My TP: 1600+) Of those listed above, Tesla, Nvidia, Apple and Amazon all have posted historic earnings; Netflix and Google posted decent earnings; Alibaba and Bidu continue to be remarkably undervalued given the current state of the virus, however, this will change by Q2 or Q3 of 2020; and Twitter and Facebook will likely rebound and show signs of strength as the year progresses. In the long-run, Nvidia will be a dominant force in the AI market; BIDU and BABA will likely go on some sort of parabolic run to 3-4x their current stock value and Tesla will become a world dominant force in the EV and battery market. While normally 3:1 ETFs hold an inherent risk, given the diversification in this fund, one can capitalize on significant growth appreciation by investing into this ETF. By the end of 2020 FNGU could and will likely triple in numerical value from current price (~100/share) buoyed ahead by decent earnings growth and likely the Fed lowering rates at-least twice in 2020. An important technical note: once the SPX gets closer to 4000, investors should reduce their exposure to high risk ETFs as 4000 represents the peak of the longitudinal channel on EW theory. Investors should also reduce risk closer to late 2020 (October-ish) if the Democrats (particularly Bernie Sanders) have an elevated risk of winning the election based on polls. - zSplitLongby PaulDeep191312215