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FANG

NFLX - A Textbook head and shoulders ready to breakEarnings this week is key of course. If we get another negative quarter, then this will break the head and shoulders neckline and confirm a likely large downward move. Based on distance of head to neckline, the downward move after the break should be roughly 30%, giving a price target of around 230. Not a bad idea to play this more conservatively however. FWIW, there are many fundamental reasons to be short here, just using this to illustrate technical reasons in isolation. I'm short via a put spreads.
NASDAQ:NFLXShort
by GTStockmaster
4
BABA is ready to skyrocket higher and this is why:NYSE:BABA is looking very good on multiple timeframes (4h, 1d, 1w and smaller timeframes). I'll highlight the bigger timeframes to give the big picture. Overall: Baba successfully tested both the support from the bigger and smaller falling wedge. Eventually, baba broke out of the smaller falling wedge. Also, you can see bullish divergence for baba on the RSI. 4h: Baba made a move over the lower kelt and is consolidating there. Usually, this is a bullish signal for testing at least the middle kelt. Golden cross with the ma5 and ma10 in the making. 1d: Daily candle closed above the lower kelt. ma5 starting to point upwards. 1w: 1w made a hammer of the support. Watch what the Chinese market did on Monday before the US markets start. A good close of the Chinese markets will give baba more chance to go higher. Disclaimer: I have a long position in Baba since last Friday, this is not an investment advice.
NYSE:BABALong
by Barteljaap
POSSIBLE 20% GAIN ON MDB- FOLLOW SETUPAS we can see, we may be getting a third wave rise after the retracement which would result in a price range between the 2 green horizontal lines- this could result in a +/- 20% ROI in a relatively short amount of time. OF COURSE, this setup can *easily* be invalided because the company only recently IPO'd and wave analysis is hard, but this one is turning out to look good. I wouldn't enter to try and buy the third wave until we get a great validation entry on a short time frame or a catalyst that allows you to enter in a well timed fashion and favorable RR. FOLLOW THIS FOR UPDATES! I will be updating as the market plays out.
NASDAQ:MDBLong
by samblum_
$FNGU Full Moon FunThis one is dedicated to all the nonbelievers -- anyone who might doubt the influence of the moon on our everyday psychology and our everyday lives. Anyone who might not see the utility of basic observation and pattern recognition of 'natural cycles' like moonphase. Now some may ask why might tracking the moon work? Well, if you are a patron of mine I have written a brief summary of and also sent out the verbatim pdf that the FED published on how 'otherworldly' events can influence the markets by way of mass psychology . This chart may serve as an example. As we approach the full moon humankind's sleep quality will decrease and stress levels will increase. As people's fear and stress rises, there presents a buying opportunity at the peak of fear and potentially oversold levels ... the full moon! As the new moon approaches humankind's sleep quality increases and stress levels decrease. As people's fear and stress fall, there presents a selling opportunity at the height of confidence and potentially overbought levels... the new moon! I present to you: $FNGU a 3x leveraged fund that tracks the daily movement of the FANG stocks; because this is A) a 3x leveraged 'bull' fund and B) related to some very popular stocks for daytraders ($FB, $NFLX, $AMZN, $GOOGL), we can more easily catch upside moves related to exploiting these daytraders at their peak fear levels and then selling back to them when they are at their peak of confidence. This chart may serve as an example of the use and abuse of mass psychology as it relates to moon cycles, but there is more to this chart than moon cycles alone: As we can see the current price is between the TS and KS of the ichimoku system. Finding prices between these levels can sometimes be considered a 'value area'. Some other potentially long bias signals are the fact that we may be able to catch the 5th and final wave of the Elliot wave count presented here. We also see that a 'clone' level of the X-C-D modified schiff pitchfork has been respected as support so far. The last long bias signal I will mention is the Japanese candlestick pattern that has appeared: a bullish harami. I am proposing a trade that has ~13% downside risk with upside gain potential of ~50%; allowing for ~3.5 dollars of profit to be gained for every ~1 dollar risked (3.5:1) Manage your own risk GL HF xoxo Snoop
AMEX:FNGULong
by 420snoop
10
Adyen pennant forming, ugly IPOBrand new IPO stock EURONEXT:ADYEN is forming a pennant. It can go either way from this point so do only trade it after a breakout. I'm not planning to trade Adyen in the near term because there are big risks involved: Newly listed stocks can do wild things, so use a tight stop loss. The free float of this stock is very low. All shares are allocated to institutional investors at the time of subscription. They had to sign a contract which states that they want to hold the shares for several years. Only a small part of the shares can be freely traded (<15%). The price can therefore go up but also go down quickly. If I were a value investor I would definitely not trade this stock because of the low free float. I think that private investors, in particular, are now pushing up the price and will get trapped with expensive shares. Disclaimer: this reading is intended to explain the risks and high valuation involved with this stock. This is absolutely no investment advice. General information: Adyen is a global payment company that allows businesses to accept e-commerce, mobile, and point-of-sale payments. Adyen has more than 5,000 customers and is listed on the stock exchange Euronext.
EURONEXT:ADYEN
by Barteljaap
2
Alibaba drowning in bullish patternsBABA broke out yesterday of a big bullish pennant. Ater the breakout it formed another pennant on a small time frame. I entered some calls after the bullish breakout (didn't have time to update). Sold 4/5 of my calls on the way up and holding the rest for a breakout of the forming bullflag. Only trade after a breakout or, if you want to play it aggressively, on support. Keep the NDX in mind. It's still trading in an upward channel but after a bearish breakout it can lower the whole market, including BABA. The general conclusion remains bullish with caution.
NYSE:BABALong
by Barteljaap
2
Waiting for that NFLX ShortNetflix risk is very high and reward very low. Worst of the FANG stocks for sure. Netflix has almost doubled this year with no mean reversion or accumulation of volume A pullback on netflix could see it lose 75% of its value if it returns to weekly volume node. I wouldn't usually short such a big gainer as NFLX, but the opportunity could present itself if it continues to rise as a parabola could short when that parabola breaks. I would watch for major momentum shifts downward, blow off tops, and break in upward trendlines to find long-term shorts with good R:R. Somewhat unrelated but if the global market goes bearish long term, Netflix would see the largest downside of the FANG stocks. I am not doom and gloom on the market or anything. I think finding some short opportunities both short term and long term is a good way to keep capital safe from unexpected market swings so we should always keep it on our minds and allocate some earnings to bearish plays when opportunity arises. By the way. Great alternative to NFLX in entertainment space is DIS: - Netflix net income: $671 million - Disney net income: $11.5 billion - Netflix market cap: $160 billion - Disney market cap: $149 billion Disney is at major support here, and a break down from a symmetrical wedge on the weekly is unlikely. Disney is generally safer being long established and dividend stock, but especially safe and bullish right now per its chart.
NASDAQ:NFLXShort
by autemox