AMZN didn't make a "top" signal over the last 8 months, instead it flagged while Amazon continued to have blow-out earnings. It has simply taken a break after a record breaking historical bull run. 4000 this year no problem.
The market's pricing in lower revenue for Zoom, and other Covid stocks under the (irrational) notion that people will no longer need Zoom after re-opening... however a transformational shift to online working communication, telecommuting, and online education has just taken place and will continue to be the new norm. People are very hesitant to change, period. Now...
NFLX stayed within the bull flag during a crash, set up beautifully for a run this month.
This is just how it is. High IV and MACD at the bottom. History says don't sell here
Bounced right off demand zone, with volatility increasing....which means this is going to run like the old days
Selling is over for now, rally this week or next.
Since Biden is greater than God, we can expect a nice float in the MACD clouds here for awhile. This is his market now, and Biden can't fail.
just entered into its regular squeeze pattern at the 50ma. Lots of bullish option flow, massive volume last ER along with multiple analyst upgrades to 580, 620+. Definitely going over 600 very shortly. Could rocket at any time.
BTC will flag for another couple of weeks and then dump to the 18k level before making new ATHs.