Get started

FANG

Facebook_(NASDAQ:FB)_May_13_2018Facebook 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 expect stock price to come down in the near term to about $180 levels. This is because the bounceback has been too severe and the initial heavy volume that was evident during the price drop from the Cambridge Analytica incident has been tapering off. As shown by MACD, the gap between the MACD and signal line is diverging which further lends to the burden of proof that a price drop may be coming. Any indication of price drop may result in some investors taking profits which may prompt even more investors to sell off their securities.
NASDAQ:META
by advisacorp
Google_(NASDAQ:GOOG)_May_11_2018Since 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 of the FANG stocks for a short while but the growth seems to be on track now. With the recent product demos involving AI and Machine Learning, I feel that Google is going be a lead player in most markets (if not by itself then through partnerships; such as the partnership with Walmart to prevent Amazon from cornering all the product search market). There will surely be competition, but Google has the first mover advantage. The current pattern seems to be that of an ascending triangle (which in general is a bullish pattern). However, I would wait till a breakout occurs before buying into it. If I want to take a really long position, I might buy when there is a slight pullback from the current levels where there is support from the hypotenuse of the ascending triangle. However, the risk is that the FANG stocks trade at incredible valuations (high P/E; an indication of their future earning potential). Any big shock to the market is going to send these crashing down till the market reaches some kind of equilibrium as evidenced by the Facebook and the Cambridge Analytica incident. Happy trading!!!
NASDAQ:GOOGLong
by advisacorp
AAPL closing below the 200smaAAPL just closed well below the 200SMA which its been straddling for a couple days. This is not a great sign, computers will take the opportunity to sell. AAPL just sold off with the rest of the market in the last hour. Depending on the market tomorrow look to see if people are buying the dip or not. If AAPL closes this week below the 200SMA should expect to see some more bearish moves for the month. Potential supports in the 150 range and then 142.50 after that. As it stands, doesn't look the the previous markets supports formed on the 6th will hold.
NASDAQ:AAPLShort
by skyman9025
WB, extension of the FANG move/playLooking at the Fib extension of 23.6 around the 112 area for a good 3 pt risk, 10-11pt reward trade. The nasdaq still looks bullish as FAANG, with the exception of Netflix, all high volume spike gapped up from earnings reports and have not retraced much of their moves at all. These in the past cause investors to take profits and sell too early. The market is overextended as a whole, but we look at it one day and one trade at a time. It will continue it's trend until it proves otherwise. Trade accordingly.
NASDAQ:WBLong
by kinetictrading
Where is AMAZON going? (How to Trade Amazon's Stock in August)Are you long on AMAZON? Maybe short (for some reason). Either way- here is an ideal trade setup. All the levels are listed out on the chart for buyers and short sellers, and if we get the break (bearish play) with a confirmation on our MACD, I would consider entering short for the time being! Yes, shorting AMZN, would you believe it? Or maybe our daily trend line doesn't break? Well I'm in after it holds again, buying the dips, and riding up to the take profit zones. I will keep updating the chart as we move along- so make sure to follow either this chart or my profile for important updates.
NASDAQ:AMZNLong
by samblum_
Bulls getting bitten by the FANG tradeAn average of the FANG stocks tells an interesting story and serves nicely as a bellwether of market sentiment and investor's appetite for speculation. These stocks on average are trading very high price relative to forward earnings. Recent selling action suggest the market is beginning to doubt that these high flying stocks can live up to the expectations for future growth. Technically it failed this month to reach the previous highs of last year. It's broken the lower trend line and rapidly approaching the 200 day average. From here another 5% dropto the lower trend line seems likely
NASDAQ:METAShort
by dime