Which way will AMZN go? Clearly it's struggling to maintain it's uptrend. It's far away from making a new short term or all time high. The short term trend is negative, but it can still be neutral for the medium term. It seems like the trend is unlikely to become bullish without some huge moves which doesn't seem likely in the current market.
FB is desperately trying to re-enter the up-trend started in 2013, however, the stock is still in the down-trend range that started in July 2018. The question is do the FB have enough influence to push the stock back to the 200+ and eventually to all time new highs, or will they capitulate soon (due to all the negative PR, and threat of governments regulating...
As you can see from the chart, the entirety of the move from above 1200 (I would even argue above 800) was absurd. The new trend is, and continues to be DOWN.
I expect it will continue down until at least 1000.
It will be re-evaluate there to see if it will remain in the decade-long positive trend, or if it will be more in line with the 20 year trend (target...
FB had a huge spike after earnings . However, when one looks at the chart, this spike and the optimism seem unwarranted.
FB is still well below its long-term trend that has been in play for years. The trend was irreparably damaged in October, and the probability that FB sees a new high in the short term seems almost impossible (what will drive it?) The chart...
