posting this mainly to just keep a record of it for the future
this is the ETF for the intermediate term national municipal bond fund (VTEBX)
(I think an intermediate term is more prudent because as yields rise, longer term bonds that were initiated within the past decade at our historically low rates will fall in value)
at this time the all time high to the all...
fib levels looking at places to add/start a position in this monster
Tencent is a massive Chinese company that owns WeChat and a sizable portion of Fortnite among many other things
Pretty confident that FB's data on Americans is nothing compared to the data WeChat has on Chinese people due to how much the "super app" is used.
See notes in the chart
Unless we close above the high of today's candle soon (before the 2nd week of July) I think we chop around for a few more months most likely between 257 and 280
Fib lines are still down there (248 and below) from a previous SPY post of mine
with Trump and China going at each other with Tariffs this will probably sell off with the rest of the market
I would just watch a bit for now on UA - it does seem like the downward trend could be broken so it might be a good to look for a place to buy, however their fundamentals kind of suck:
low sales Q/Q & high forward...
According to FINVIZ right now IQ has a short float of 87.8%
That means of the shares that can be traded right now, 87.8% of them were short when FINVIZ updated that data
that is a lot of shares short....
That is probably why that gap and go circled in green led to such a bullish run.
right now it is at a price where it could possibly bounce, but I would not be...
From the public open price of NFLX to its all time low 139 days later it lost ~70% of its value
(remember the numbers are lower because NFLX has had 2 stock splits in the past, once was a 2:1 and the other was a 7:1)
After it started to recover from the dip, it consolidated under $0.70
It then broke out and retested that $0.70 level and that area circled in...
I am personally bullish on Chinese internet/tech companies longer term
Just scoping out some zones where I could potentially add money into this investment
I don't think we would actually get to the third buy zone, but I would most likely be loading the boat if we did
Entry 1 triggered, Entry 2 never triggered
I didn't hold all the way until 34.26 but it made a lot of sense for people to sell there
Now seeing how far this will pullback
Current NAV is listed (Net Asset Value) - through 2015, 2016, and 2017 this fund traded at a discount to NAV meaning it was cheaper to buy this fund rather than buying the individual stocks...
We have an established long term rising trend line (purple)
We had a downward trend line (cyan) that we broke out of and retested
Now there is an (orange) downward trend line that could lead to a nice push in SQ if we break above that green line area (probably a break out and retest) and I think we go at least into the all time high area
Look at that Fib retracement! (I drew those blue lines before doing the fib)
we pulled down to the first Fib level (61.8% of the full wave)
and if we break lower to the next level that will be the 248-250 range and the 50% retracement level
I think we need a close above the upper purple line which is also the 10ema at 263.17
if we start breaking below today's low I think we will pull into the 250-248 level
we could also just break a tad bit lower than the wick from 2/9 at 252.92 (lower purple line) just to trap some bears and then we reverse there