Facebook is currently flirting with disaster after breaking through the 200 MA on the 4 hour chart and the $200 psychological price level.
It should keep heading down the rest of this week and into the next before finding support around $190.
At that point I would scoop up some discount shares.
Netflix looks to be repeating the same rising wedge move it made back in July. The last couple days showed some key reversal candles and if today ends with a bearish engulfing candle the move will be confirmed.
Look for support to be found around the $360 area
Tesla has tried to make a move into the upwards moving channel today. If it cant keep up this momentum and returns to its downward channel we could see it hitting $700 or possibly even $680 very quickly...
again this is if it breaks back below the trendline (which would currently mean a move below ~$780)
Tesla has broken out of the downtrend channel and is heading back up. If it continues this trend it will likely close the gap that was made around $850 a couple days ago before heading back down.
The only real support heading down is around $550.
Yesterday showed very strong bullish movement for ROKU after support was found around $130. The bears kept the price down today but we are now resting again on moderate support around $134.
If the bulls make a strong move I think we could see a gap up to the 50 dma around $142.
GLD has hit major resistance around $145. In addition, it is forming a shooting star on the weekly chart.
After three months of green weeks, GLD is definitely due for a correction.
It will likely find support around $136
If we zoom out to weekly candles we see that SPY is still trading just above the 50 dma and way above the 200 dma.
The last two weeks show a doji candle followed by a bearish engulfing candle. In addition, we opened this week below what is now resistance at $288.
I believe we will see SPY test the 50 dma (~$280) by the end of the week. At that point I would sit...
A lot of big money has been pouring into Zcash in the past year. If you look at the volume, more people are trading it now than during the crypto craze of December 2017.
The important thing to note is that volume is increasing as price increases.
I think we could see a return to the $300 price area this year.