Facebook (FB)
GOOD OLD FB STOCKFacebook has been consolidating for the past few months, showing lower highs since September 2020.
It is a troubled company last year facing lots of scrutinises from the gov.
However, if we look at the bigger picture, it has bounced a few times on the 200MA (disregard the March 2020 whole market correction).
We might be looking at a great long run if the price finally manage to bounce again at the 200MA and then break the upper resistance.
PLEASE WATCH $FBThis is a setup only diamond-handed snipers can handles. If you're not a diamond-handed sniper, join the link in my bio so I can help you out.
Nice consolidation with a breakout bound to happen. Earnings are coming up and the market looks healthy, kind of. This play can payout BIG if you wait for the breakout in either direction.
imo, as long as SPY doesn't die in the next week or so FAANGM ER's will carry to market to new ATHS.
A review on what happened to the Market Cap Titans in this week!WATCHING THEM ALL TOGETHER MAY HELP YOU DECIDE BETTER!
No need to say they have one thing in common, LOWER-highs & LOWER-LOWS and MOST OF THEM SLIPPED BELOW 50EMA!!!
This is the most simple Definition and Sign of the Bearish market!
any bounce back could be an EXIT opportunity.
The bigger the loss becomes, the harder it becomes to accept..!
Moshkelgosha
FACEBOOK - Expecting Bullish Continuation I'm looking for bullish continuation based on the weekly bullish cycle which is currently developing. I'm expecting another wave up after the consolidation is finished.
There are two possible scenarios that I'm considering.
SCENARIO 1:
- bullish setups near the bottom of the consolidation structure.
SCENARIO 2:
- breakout above the consolidation and bullish setups.
Expected target (target 1) is near the top around $300+.
AAPL wait for the buy"Red in the morning, take warning." I got some nice dip buys but will not be entering unless solid confirmation of continuation. This broke down below its channel, it needs to fill out this descending wedge(bullish pattern) before I enter. Will get that buy signal soon in my humble opinion.
Cheers!
A Closer Look at the 6 Giant Tech..! CORRECTION phase!I believe when you compare the charts together it will help you to have a better idea of market sentiment.
In this analysis, I put the 6 Giant tech companies which have the highest market cap together, so my followers could have a better and more clear understanding of the new sentiment in the stock market.
It is crystal clear after March 2020 we had experienced an incredible market, but since Feb 2021 it seems the market entered a CORRECTION phase and it is obvious in the charts.
1- Apple: closed below: 50 EMA, closing price of 2020, and more than 10% away from its top. LOWER HIGH-LOWER LOW pattern
2- Microsoft & Alphabet: in Trendlesss Zone in the last 2 trading weeks
3- Amazon: closed below 2020 closing price, lower high pattern, and bearish ladder candle.
4- Tesla: after breaking a trendless zone from the downside experiencing lower trading volume every day. Jan 8, 2021 trading volume 75 million decreased to 18 million in the last trading day.
5- Facebook: closed below 2020 closing price, and below its 50 EMA.
* Interestingly, financial metrics in most of them improved in their last report.
** This doesn't mean we will not experience 1-3 day positive moves, be careful with options trading!
*** This analysis could be a roadmap for short-time traders, and the story could be different for long-term investors.
Please leave your comments below if you think you have evidence contradicting this article.
Moshkelgosha
If you read this you will never participate in any IPO..!It is obvious that many people who participated in BMBL IPO are in red zone, but the worst has yet to come!
Look at TWITTER, SNAP,FACEBOOK, SPOTIFY, and PINTEREST historical charts..! Clearly anyone who participated in those IPO in the very first day lost 50-85% of his his capital in several weeks or months!
I’m currently conducting a study on IPO Ed stock in last 3 years, obviously you are in danger of losing your capital in 3 out of 4 recently IPOed stocks.
It doesn’t matter if you are a trader or longterm investor, you have to take care of your capital.
1st day IPO = Bubble burst..!
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. ... During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset)(investopedia)
BMBL chart is 30 minutes, others are weekly charts..!
Please write your experiences of participating in IPOs in comments
My recommended portfolio of 25 stocks for 16-19 Feb 2021My weekly portfolios in the last 5 week have beaten all major indexes and ARKK returns!
They made 64.14% compound return in 5 weeks..!
Let’s take a look at the next week portfolio to beat the market:
(put your orders +/- 1% change of weekly close)
1-AAPL
2-AQB
3- BTCS
4-CRSP
5- DB
6- DSS
7- FB
8- FDX
9- GNUS
10- HCDI
11-GOEV
12- HYLN
13- NGD
14-NVDA
15-PFE
16- QCOM
17- SDC
18- SNOW
19-TLGT
20- TSLA
21- VLDR
22- WRAP
23-X
24- FSM
25- FSR
( If your platform doesn’t let you trade a ticker: a good substitute would be MRVL)
Please consider these bullet points
* My recommendation for investing in the list is to invest equal amount of capital
* in each stock( make a pie/ volume-weighted).
* Try not to deviate more than 20% from the list.
* Changes in portfolio will be made on Friday/Monday trading section.
* stay tuned for real-time update during the week!
There will be always some degree of risk in trading, please do your diligent work before making any decisions to trade or invest
I will keep eyes on Apple call option for perfect entry point this week..!
Wish you endless profits
Moshkelgosha(Sniper Trader)