FANG
Netflix Next Lvl down $200-$250The market conditions are right for this Descending triangle. August will be a harry month.
Symmetrical Triangle It's time to decide which direction the apple stock will go. Watch out closely the interest rate decision of the fed.
FNG1! ShortThe support and resistance levels coincide in an uncanny manner with the Fibonacci retracements. Once again, the price was rejected off of what looks like a mini double top and has already (almost) made it to the support level. We may see a bounce to form what appears to be a triple top or a brief overshoot as the negative divergences on the PPO and RSI get extended further. Although I am putting in a short sell recommendation right now, it would be wise to wait for earning season to end and perhaps even wait for the Federal Reserve to cut interest rates. I believe this event will act as a 'sell the news' trigger where no amount of QE and lower interest rates will convince anyone to buy when a recession has essentially been confirmed.
For this trade it's recommended to use SQQQ and/or FNGD with stops below the recent lows on those leveraged ETFs. Again, I strongly advise to wait and be patient till the end of the month or at least set your stops even lower and gradually scale into your position.
AAPl - $212 to $234 in the short termAAPL is at the top of a wedge and we should see either a break out or rejection next week.
Indicators suggest a bullish bias to break out from the wedge and begin making a run to $212 to $234.
From there, the price will either top top and retrace, or begin marching on to $290.
Buying calls with a few puts to hedge would be a good strategy.
Buying opportunity in FB - upward channel pullbackFacebook is near the bottom of its upward channel after a pullback this morning, but I expect its upward movement to resume on the strength of its cryptocurrency offering. Watch out for the possibility of a downward channel break. There's support at about 184.77, so that's a good price to buy if you can get it!
Snapchat's run is just beginning Bullish Kumo Twist on 5 year view. price is now above cloud. Once the Tekken and Kegan (or however you spell it) break cloud its is official.
Fundamental analysis:
I dont know one person my age (22) who does not use snapchat on a daily basis
Legit companies have begun spending more with snapchat ads
Snapchat is seen as less saturated for businesses looking to advertise than competitors like facebook
some new game came out that apparently awesome.
For you guisers that say Instagram has stories too.. they both have their place. Its hard to describe. People post super random shit on snapchat. Conversely, people post more "professional" stories on instagram. Peoples moms and grandmas have instagram. "sarah," a college student, doesnt want her mom to see her spending the money that was meant for "x" on blacking out at the bars.
Snapchat will go up. just buy it.
My accumulation of $FB shares. Road to $220 and beyond! Last month I shared "LONG $FB - Swing trade into next months earnings!" when price was in $165 zone. I have done well since, accumulating through the month until earnings . With stellar numbers reported in Q1, I will continue adding as we still have a lot of upside left to $220+.
Trade the zones and add slowly. See you all at $220+!
MSFT Bearish DivergenceBear Case:
*Bearish Divergence
*Shooting Star on High volume (weekly)
Bull CASE:
*China
**** I think we break way lower... Let's talk about i!
AAPL Bear Flag + H&SBear Case:
*Bear-Flag on weekly (Massive)
*H&S on weekly (Massive)
*Failing to hold above 50 MA on weekly (Needs confirmation)
Bull Case:
*Apple
**** I think we break way lower... Let's talk about i!
AMZNRight at resistance I am bearish but am ready to switch at a moments notices if we really are breaking out
APPL SELL THE RALLYLocal bottom has support but this market move should be taken as a leading indicator for the macro global economy. Let the Bear market continue. Price target at 132
FAANG's Slow Death RideFaang composite and my prediction for the next couple of years. White line is projected price action, which I believe will be controlled by Algo trading bots.
$FANG Swing Idea (weekly Chart)$FANG Swing Idea (weekly Chart) :
Buying zone : $83 to $86
Stop below $82
Donot take at first shot. Let it hold and bounce then take the retest.
Note: Only if market makes a bottom and turns from there.
AAPL long target between 133 and 150 on rising wedge supportAAPL will probably take a breather and experience a relief rally anywhere between 133 and 150 dollar range. The actual number will become clearer in the coming weeks as price gets closer to rising wedge support. Green dashed lines indicate consolidation areas that coincides perfectly with wedge support.
A Look at QQQ Over the Long TrendI am a big believer in big tech and it's disruption over the long term, but the recent action in the stock market has made me take a step back and study how the QQQ index has performed over the longer term. I have plotted the chart dating back to the 2009 bottom and there seems to be a clear uptrend since then. We checked back to that uptrend line a few times and have continued moving higher. Recent action in the stock market seems to be forming a top formation, which is a very bearish indicator. We might be getting into a head and shoulders pattern over the short term and I will make the bet that we break that head and shoulder pattern and fall into the longer term uptrend of the QQQ's. I will look for some support at the 159 and hope that holds for some sideways movement in the short term.
Follow me for more trade ideas!
BABA reversing to resistance of downtrendNYSE:BABA did complete an inverse head and shoulders pattern today. it's now reversing to the resistance of the downtrend. A breakout of the resistance is a oppertunity to go long! Also note that today positive news about the China-USA tariffs came out!
DANGER: Amazon and FANGS could be in trouble. Amazon has just crossed $1 Trillion in market value.
This is without doubt a parabolic expansion. History has shown us that parabolic charts like this suffer a significant correction. Do not expect me to say when - as I have no crystal ball.
Tech stocks have been propping up Wall Streets expansion. But there is a problem. The stock markets in the US and around the world are being eroded in value. Google is your friend. Around the globe there is market contraction due to trade wars and international political tensions.
Reliable research shows that value of stocks below the top 30 is falling in average. This is a danger signal.
The traditional 'news' is not your friend. From day to day we hear different news casts. These people are there to sell their news - that's all. Dig deeper. The world is in trouble!
Amazon cannot fight and win over the whole world. It just ain't that big or powerful.
Tech stocks have been living on borrowed time and feeding frenzies. If Amazon goes south, and the rest of tech goes south, expect to see major corrections on Wall Street.
Those looking to short the stock markets may wish to look for trend changes on the 4H - 6H time frames and with Amazon.
Amazon - $2060 price targetAmazon to reach $2060(ish) price point then retrace down to $1362 (61.8% fib level). Then expect to reach $2772 price point.
Buy levels $1300-1500.
Sell above $2600-2700.
