Long
$FAANG 2021-MAR-16
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๐๐๐๐ ๐ข๐ฌ ๐ ๐ฌ๐ฅ๐จ๐ฐ ๐๐๐ก๐๐ฆ๐จ๐ญ๐ก; ๐๐ฎ๐ญ ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ ๐ ๐ซ๐๐๐ญ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฒ ๐ข๐ง๐ญ๐จ ๐ข๐ญ?
The blue lines show the short term channel that has been forming over the last 6 months; and we are on a collision course with the bottom of the larger 2 year channel. The RSI is at a low point, which has traditionally signalled a bounce as well.
Whether adding exposure through tech ETFs, or explicitly buying these stocks - now is a great opportunity to snag some of the key companies that have lead the sector for a long time.
The blue lines show the short term channel that has been forming over the last 6 months; and we are on a collision course with the bottom of the larger 2 year channel. The RSI is at a low point, which has traditionally signalled a bounce as well.
Whether adding exposure through tech ETFs, or explicitly buying these stocks - now is a great opportunity to snag some of the key companies that have lead the sector for a long time.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.