FAANG squeezing for up trend?$AMZN and other tech stock surge up on intraday trading, brushing off the war conflicts between Ukraine and Russia.
for technical stand point, $AMZN is squeezing and it might continue for bullish move tomorrow.
Day trade or scalp target play: 02/25/22
Buy call above 3056.90 sell at 3100.30
Buy puts below 2894.45 sell at 2866.45
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
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Faang
Facebook reminds me to calm downHello Traders and investors. If someone told you 6 months before if you want to buy FB at around 200, would you have bought? Well now you don't have to hope, it's reality. Time to take action when everything is negative. Can it go to 200? of course it can but I don't think it's straight down from here on.
Usually when there is a retracement happens from the top, price range between 50% and 61.8% is a sweet spot to get in, and we are at that moment right now after retracing from the top in comparison to 2019 low and 2020 low. Those were major lows, the probability of bouncing from here is very high but remember buying here is against the trend, so there has to be discipline if one is going for it.
My charts are self explanatory I guess. Please do your analysis and if my chart helps then leave me a comment.
Apple will show us the wayEarnings coming out this week for Apple and i anticipate to see whether my prediction holds true. Indices have been manipulated to go up with FAANGT' and now we see that the first one to go down was Netflix. All the rest are reporting earnings this week and the next so i would expect indices to get their well deserved correction with the help of the big guys. Then it's time for the shorts to get burned again... stay tuned.
Still in a bullish trendWhen we see a moving average with an upward trend with higher highs and higher lows, the bull trend is confirmed.
Every test of the moving average should be seen as a potential buying opportunity, especially when adding from a long-term perspective.
We also see a test of September highs as support at the same level.
Risk-reward-ratio is over 3 when targeting current all-time highs.
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For people wondering about the Santa Claus Rally:
The trading days are 5 days of 2021 and the first 2 trading days of 2022.
Last Major Support for AmazonI posted a few months ago Amazon was in a terminal formation. Like a lot of stuff, there was an upside overthrow to knock out any remaining bears, and now we are looking to test the long term support from the 2008 lows. Below that, there are a few other support lines, but the next MAJOR support is around 950-1000 depending on time frame of a drop. Amazon actually probably has a business set up to be fairly insulated from a lot of COVID 19 effects, but none of that is going to matter given the structural setup here and valuations. Cloud stands to see a big fall in growth / revenue when a lot of the businesses that spend money on the Amazon cloud shutter or pare down their capex spending significantly.
Daily Market Update - Stocks - FAANG - Twitter Look Out Below!In this video:
* Overall, I remain neutral to slightly Bullish Crypto, however...
* There are definitely more and more caution flags appearing!
* Today we look at the influence that the Stock Market might be playing on crypto
* We start with the FAANG stocks: Facebook, Apple, Amazon, Netflix, and Google
* We look at Twitter
* We look at the S&P, Nasdaq, and Dow Jones Industrial Average
* And we finish by looking at our market leaders in the crypto space
* Be careful out there traders! The market is on edge.
Tesla Heat CheckThis stock has had a crazy run. Looking for long opportunity but needs to retest breakout first. Looking for trendline touch on this Icarus stock that has outperformed the stock market for years now. Only larger public companies right now by market cap are Apple, Microsoft, Saudi Aramco, Alphabet, and Amazon. Last time I checked Elon has no plans to take SpaceX public and an electric car company can't exactly change the world like the other companies listed.
Personal Opinion + TA = not investment advice
Best of Luck!
FXCM FAANG Basket Moves Into Bullish Stack On the DailyThe above chart show's the daily time frame of FXCM's FAANG Basket. We are using a triple EMA system to assess trend. The short-term green EMA > intermediate orange EMA and the intermediate orange EMA> the slow red EMA (blue rectangle). We note that NFLX reported last week and that the rest of the FAANGs (FB, AAPL, AMZN, GOOG) will report this week. Following their respective releases we will assess the basket's EMAs and their angle and separation. If these develop, it will be regarded as bullish, suggesting that a possible bullish momentum push may be underway.
Decision Aproved 100% to BUY NFLX.After aproving its second retest in the range of 591,42 NFLX stock are preparing its breakout for the next signe of a storng buying and long position.
Now the situation is ready. What should we do?
As you're seeing on the chart the market is clearly above the VWAP Indicator, and we are surly protected as well as we are above it.
The target we will use going to be partial. How ?
First I recomend you to wait untill the candels try to breakout the VWAP linge taking road to the dip with a high bullish volume and with a strong shootingstar candlestick, this will be a signe to prepare to sell your first small quanties hoping to be just a retest on the VWAP linge in order to double your position if it takes road to the moon. But if it breaks it whit a strong bear candle, it's the time to take your total Profits.
Thanks for reading! Please share your thoughts or idea in the comments relative to NFLX .
The setup on NFLX is 100% ready. Full Explanation.In a previous post, we explained that we were waiting for a retest to develop setups after the breakout of the current range. You can check all the processes on related ideas.
Now the situation is ready. How will we proceed from here?
The setup execution is pretty straightforward; we will open bullish setups on a new ATH and define our stop loss below the current correction. We don't know yet how deep the correction will be, but we will keep moving the stop loss until we think this is no longer a correction but an evident bearish impulse.
The target we will be using at the moment is the Fibo Extensions of the whole range that was broken. Final Target: 772
The Risk rewards ratio we can expect on a setup like this is about 2 (however most of the cases in the past, the price goes far beyond that)
It's important to say that this setup after the breakout of a range on an ATH we have tested since the beginning of the NFLX chart, and our conclusions showed us that is a profitable pattern to trade. Why are we saying this? Because we have seen that sometimes the price executes the order, then goes directly to the stop loss, and the next movement is the beginning of the impulse. Based on that, we are willing to trade the same situation two consecutive times if the first pattern fails.
We will be risking 1.5% of our capital on this setup. The expected duration of the movement can go between 150 days to 250 days. (Patience patience, my friend)
Thanks for reading! Please share your thoughts or idea in the comments relative to NFLX.
FB pullback to the 50sma again... Buying the dipFacebook has tested the 50sma at least 4 times since March 2021.
Transposing the past trends from the 50sma to today's action we get several targets for taking partial profits.
OBV is still in a supportive uptrend, however, RSI has reached its worst level since mid-March at 43.
Very clear opportunity to enter a position now around the 50sma. If the price stays above the last low on August 19th around $351, we are still making higher highs and higher lows.
$NFLX - Weekly BreakoutNFLX, similarly to AMZN, likes to consolidate for long periods of time prior to large explosive moves.
If you're still risk on, keep Netflix on your radar. It's nearing a breakout on the weekly timeframe from a consolidation period just over a year in duration. Similar weekly breakouts of clean patterns would be ADBE and HD with their 1W Bull Flags leading to 33% and 21% gains on equity within the following 2 months AFTER breaking out.
As of right now there's UOA on $570 and $575 calls expiring next week.
This one is on high watch for me going into next week.
Warwick Gorman
OptionsSwing Analyst
FAANG Stocks: Ready To FALL? Hidden Fibonacci Pattern FormingTraders, FAANG (Facebook, Apple, Amazon, Netflix and Google) share basket is forming a hidden pattern which can push these stocks down. However there are certain conditions that we must have. In this top down analysis we see how Fibonacci Confluence Pattern (FCP Pattern) is forming a zone which can create a massive trade opportunity.
If you are invested in any of these stocks then you must watch it so that you are aware of this. Also if you are looking for short opportunity because you think markets are over extended, then also you must be aware of this.
I also posted a similar pattern which is appearing on Netflix. Find that in the related ideas below.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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