BUY ON FNGD AFTER BULLISH ACTION AT SUPPORTThis stock has been ranging for a while and now bulls are back at it by showing buying pressure at current support. This would be a buy and hold trade for me. I am buying now and just holding it, no target.
BULZ trade ideas
FNGD 1W $2.39 is bottomtest
FNGD offers -3x exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Google ), and other companies that exhibit similar characteristics. Presumably, the index will always include these five companies, an index committee is responsible for selecting the additional names. Eligible stocks must be listed on a US exchange (although ADRs are acceptable), classified in either the technology or consumer discretionary sectors, and exhibit similar traits to other technology and internet companies. At least ten stocks must be included in the index, the number it held when the note launched so investors can expect a high level of concentration. All holdings are equally weighted. As a geared product with daily resets of exposure, FNGD is designed as short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the underlying index due to daily compounding.
FNGU with 42.36%The FNGU reached 42.36% of the Fibonacci extension level from a small wave. Support for the decline appears to be $26-28.
FNGU going to break the trendFNGU going to break the trend line. Already crossed trend line in rsi indicating return of strength.
FNGU to BounceI am not a financial adviser. Please consult a licensed financial adviser before investing. Never invest with money you can't afford to lose.
FNGU HnS and neckineBreaking down on the NQ1 and the FNGU. SHould have a neckline retest but don't know when.
But for now the trend is to the bear side.
Bank are one of the best performers these days!While many tech stocks hammered heavily this week, banks performed very well so did my private followers who have early access to my trading ideas..!
Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
16 Price Characteristics Impacting Future Price Action and Trend16 Price Characteristics Impacting Future Price Action and Trend Strength
Cycle Amplitude
Cycle Period
Bar Retracement Symmetry
Average Bar Range (ATR)
Price Persistence
The Average Bar Stochastic Ratio (closing price compared to bar range)
Average Candlestick Real Body to Range Ratio
Angular Symmetry and Momentum
Barrier Proximity
Frequency and Depth of Trend-Based Oscillations
Relative Measure of Consolidation Size and Duration
Third Gap Exhaustion
Completion of the Average Period Range
Overextended Price Action with Respect to an Overlay Barrier
Volume Spread Action
Volume and Oscillator Divergence
$FNGU Bearish breakdown, Possible re-test of lower range of BB$FNGU 4-hour candles. After a massive run, FNGU has fallen out of the upward channel it's been in. We also see RSI breaking down below overbought zone and Stoch pulling down too. Also note falling volume as price has been increasing. This would appear to signal a change in trend. Now expecting a pullback to test the lower range of BB.
Disclosure: Long $FNGD
FNGU great setup into earningsbullish decending wedge breakout, MACD turning positive, higher lows on RSI. only nasty looking thing here is the 50/200 day moving averages, but this looks like a very nice way to play the big tech names going into earnings over the next month.
