Microsoft Bullish Cup and Handle Microsoft - NASDAQ:MSFT
A bullish monthly and weekly chart:
✅Monthly MACD Cross
✅ Long Term parallel channel intact
✅ Above 200 day & week MA
✅ Cup and Handle (with a high handle - Preferred)
✅ Good Risk: Reward Ratio at 7.6 (51%+ vs -7% loss)
⚠️ Stop loss levels on chart 🫡
A great set up. Those that are patient could wait for a potential pull back (arrow on chart) as we are reaching into overbought levels on the RSI on the weekly. It would not be unusual for Microsoft to pull back 5-8%. The R:R would be significantly improved if you waited and if it led to an entry from approx. $350 (after a 5-8% pull back), this would line up with the 200 DSMA also. However there are no guarantees of a pull back.
Those half as cautious could enter half a position here and see what happens and place another entry at $350.
All in all the $330 - 335 red box area on the chart is an absolute stop loss level. If this level is lost I would be out of the trade fast.
So you have options with this set up:
1) Entry here with a tight 7% stop.
2) Half a position here and half at approx. $350 with a stop at $335.
3) You wait for $350 and you place your stop at $330.
These all result in a similar loss of 5 - 7% in the event the trade fails. The upside potential is always 50%+. You can always cut early also at target one and take something at the 26% profit level.
It important you take full responsibility for your trade, position accordingly and be ok with the small 5-7% loss as it will likely happen, we are only leaning on the probability that maybe 60-70% of the time these trade set up provide us the return we want.
I have not really ventured into the earnings or dividends however they are both positive contributors to this trade as earnings have been excellent and dividends whilst minimal, are dividends at the end of the day. We are here for the trade and play a set up off the chart. The fundamental's are just nice framing for the stock in our minds eye.
PUKA
Fangstocks
Diamondback and Endeavor Forge $50 Billion Powerhouse
In a seismic shift within the energy sector, two major players in the U.S. shale oil industry, Diamondback Energy ( NASDAQ:FANG ) and Endeavor Energy Resources, are on the brink of sealing a historic deal worth a staggering $25 billion in cash and stock. Sources close to the negotiations reveal that this landmark agreement is poised to create a behemoth valued at over $50 billion, positioning it as the largest, pure-play oil producer in the prolific Permian shale field.
The proposed merger, which could be announced as early as Monday, underscores a strategic move by Diamondback ( NASDAQ:FANG ) and Endeavor to consolidate their strengths and capitalize on synergies in a fiercely competitive market. With Diamondback's shareholders expected to hold the majority stake in the combined entity, the newly formed company is set to dominate the Permian landscape, surpassing even industry giants like Exxon Mobil and Chevron.
Dan Pickering, Chief Investment Officer of Pickering Energy Partners, describes the impending merger as a "layup" due to the natural fit and acreage overlap between the two entities. This sentiment is echoed by industry analysts who anticipate that the deal will not only enhance operational efficiencies but also exert pressure on remaining players in the Permian basin to explore similar consolidation strategies.
The consolidation trend within the Permian basin reflects a broader push among oil producers to secure future drilling inventory and optimize output amidst evolving market dynamics. Andrew Dittmar, Senior Vice President at data analytics firm Enverus, observes that while future deals may not match the magnitude of recent transactions, the Diamondback-Endeavor merger is poised to set a new benchmark for industry consolidation.
Autry Stephens, founder of Endeavor Energy Resources, is expected to retain a significant role in the merged entity, underscoring the deep-rooted legacy of the company he built over four decades. Endeavor's formidable operations spanning 350,000 acres in the Midland portion of the Permian Basin reflect Stephens' astute strategy of acquiring undervalued assets and leveraging innovative technologies to drive profitability.
The impending merger between Diamondback ( NASDAQ:FANG ) and Endeavor represents a pivotal moment in the oil industry, signaling a paradigm shift towards consolidation and collaboration in the pursuit of sustainable growth and operational excellence. As investors eagerly await the market's response to this transformative deal, all eyes are on Wall Street to gauge the resonance of this monumental merger within the energy sector and beyond.
BULZ- a 3X leveraged FANG ETF High Tight Bull FlagBULZ on the one hour chart is showing a high tight bull flag which typically heralds a bullish
continuation. The tight consolidation channel formed today at the POC line of the volume
profile. The zero-lag MACD shows the lines under the histogram and about to cross. The
histogram itself has dropped to a zero amplitude. The trigger for the bullish continuation is
price rises out of the regression channel and above the POC line. BULZ is a triple leveraged
ETF holding the FANG stocks including META, GOOG, AAPL, NVDA and all the others. BULZ
could spend another day consolidated and then run the remainder of the week. The 17% run
thus far could be repeated in the days to come mightful however of the leveraging.
I see this pullback as a great entry into a stock pattern that typically results in a resurgence
of bullish momentum. I have pasted onto the chart a little bit of a description of the
high tight bull flag patterns and their utility in trading when found.
Prime time for Amazon.com?Amazon.com has retraced almost all of its pandemic gains. Is this an opportunity for buyers? Let’s consider some chart patterns.
First is the $101.79 level (split adjusted). It was a peak in July 2019 and a breakout area immediately before the coronavirus selloff in early 2020. AMZN probed that zone in late May and again in mid-June, each time managing to rebound above it. Has the old resistance been established as new support?
Second, prices formed a “W.” That’s potentially consistent with a double-bottom reversal pattern.
Third, the candlesticks with long tails on May 24 and June 30 were hammers – another potentially bullish reversal pattern.
Finally, you have some factors that don’t appear on the chart. Amazon Prime Day is July 12-13 and quarterly earnings are due around July 28. We’re also entering a new quarter and half. After seven months of pain, will investors start to revisit the e-commerce giant?
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FNGU Possibly BottomedLove the look, at the golden fib, volume capitulation wick, weekly RSI at 2018 levels and I think tech bottomed, send it!
AMAZON possible complete ABC correctionIf this level holds, we might see a retracement coming in for Amazon.
There seems to be a possible complete ABC correction here in the charts.
Not financial advice, just entertainment.
AMZN One more low to end this wave 4 correction?Looks like AMZN needs wave 5 of C to end this ABC wave 4 correction.
FB META Levels for a Bounce Currently Sitting at the 0.618 FIB support for the moment but I can see more potential
downside in the coming weeks/months.
Most likely that will be complete around the .886 fib which has confluence with fixed range pull and
the range before Covid 2020 selloff.
Correcting back to those old ranges before the Covid Selloff 2020 makes sense after 180 % gains
regardless of the event that gets us there its a healthy market correction and needed.
If we hold where we are then i think its possible to range inside of the Unofficial red channel
but eventually find our way down to the said levels .
Amazon.com Starts the New Year With an Uphill StruggleBelieve it or not, Amazon.com is little changed since July 2020. Now it faces an uphill struggle as a new year begins.
The first pattern jumping off the chart is the downward-sloping trendline that began shortly before Thanksgiving. AMZN steadily trending lower as the broader market hit new highs suggests investors have shifted away from the e-commerce giant in favor of new sectors.
Second, the decline followed a bearish reversal above $3,700. That’s near the earlier peak from the summer, resulting in a potential double-top reversal pattern.
Third, notice how prices previously bounced at the 200-day simple moving average (SMA). But in December buyers were less eager to defend that line.
Finally, AMZN declined after its last two quarterly reports. (Both featured top-line misses and weak guidance.) The fundamental story could also be less stellar in a post-Covid world, especially with AWS growth slowing and costs rising.
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TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Is “M” a Difficult Letter for Alphabet?Google renamed itself Alphabet in 2015. Now it may be struggling with the 13th letter in that famous text string.
Notice how GOOGL nosed above $3,000 on November 5 and 8 but failed to hold. Almost exactly the same thing took place on November 18 and 19. Both attempts left behind solid candlesticks with long tails on top – yet not a single close above the psychologically important $3,000 level.
Perhaps even more important, the price action generated an “M” double-top. That’s a potential reversal pattern.
Next, MACD made a lower high last month while prices hit a slightly higher high: bearish divergence.
Another thing to watch could be GOOGL’s rising trendline along the lows of March and October. The stock is parked right on that pattern and the 50-day simple moving average (SMA). Breaks of those lines could potentially drive some investors to the sidelines.
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TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
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Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Repeat of 2018 Crash?Things are looking very similar to how they did in October 2018.
> In 2018 FAAMG fell by 25%.
> If we correct 25% like we did in 2018, it would take us to the lower support of this ascending channel.
> A 25% correction would also take us perfectly to the 100-week MA.
> Bearish divergences are shaping up in similar ways as well.
It's interesting to note the similarities, but of course there is no guarantee we see a fall of 25%.
Facebook Holds the TrendlineFacebook has been steadily climbing since March, and now it’s pulled back.
Notice the rising trendline along the lows in mid-May and mid-June. FB touched and held that line today.
Prices are also holding their 21-day exponential moving average (EMA), which provided support last month.
Third, the hourly chart shows how FB returned to the $344 area where it traded immediately before winning an anti-trust battle with the Federal Trade Commission. That briefly pushed FB’s market capitalization above $1 trillion:
Finally, the social-media giant reports earnings on July 28. It’s enjoyed strong tailwinds from advertising. There could be more positive catalysts soon as Mark Zuckerberg’s team focuses on growing new e-commerce features like Facebook Marketplace.
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Is Amazon.com Ready to Break Out?Amazon.com has consolidated since last August. Now it may be ready for a breakout, especially with the Nasdaq leading again.
Friday’s close of $3,510.98 was AMZN’s second-highest close ever. It was also the highest close since September 2, a potential sign of investors accepting prices above $3,500.
Next, consider that last peak 10 months ago. It marked a frenzied peak in both AMZN and the broader Nasdaq (amid stock splits by Apple and Tesla.)
This is evident with the help of our Distance from MA custom script. It shows that AMZN was more than 50 percent above its 200-day simple moving average (SMA) last summer, the highest reading since November 2009. It took the bulls 9-10 months to regain their energy after that earlier push. If that precedent holds, it would suggest prices are now due for another breakout.
Another precedent could be fellow large-cap growth stock Nvidia. Notice how the semiconductor stock approached its old peak on May 24 and had a slight pullback, followed by a breakout to new highs. AMZN’s price action last week resembles the recent behavior in NVDA.
Finally MACD has been steadily rising on AMZN’s weekly chart.
Apart from the technicals, AMZN is starting a new chapter with Andy Jassy replacing Jeff Bezos as CEO. It’s also set to report quarterly results around July 29. Given its history of strong numbers the last several quarters, the approaching event could provide a tailwind for the shares.
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NIO vs APPLEthose 2 chart seems pretty similar.
fact is: it's not only NIO. TSLA too is similar, EV stocks are similar, SOLAR stocks are similar, trendies are similar..
and you know what?
APPLE price dropped 80% after that...
check this
and what else do we see?
before that, volume was lowering, but the crash omg, there was so much volume...
and what else?
well, do you see the NATR indicator? there was a BIG spike... signing the bottom basically...
apple was 1 USD before the crash, 25 cents after, and 150 USD now, after almost 20 years.
who else thinks that EV and GREEN ENERGY is the future? well, a lot, especially the younger generation (I'm one of those btw), and guess what? those people are the ones who will be running the world in 20 years from now (I'm 20 right now, in 20 years I'll have a job, and ill be doing my part in the economy, and with my own thought, ALSO about energy usage..).
so, people idea influence the market, and that is why today the green energy market is just at its start, as technology was 20 years ago, when a bunch of young people created Apple, Microsoft, Amazon, Facebook, etc.. and following their belief, the market has grown in that direction.
so, let time do its job, and always use STOP LOSS.
ofc, you could try to short those stocks, but idk, it's not my thing doing so.
thank you for reading till now, and always enjoy your youth.
AMAZON Huge double top Very large double top here. The second peak occurred during the record breaking earnings, and still the stock rejected new highs and swung lower. If we see a trend line break, this can tank hard.
Inflation, Interest rates, supply chain problems, Fed tapering, are all risks to come. Upside seems very limited with the downside simply a lot steeper.
FNGU to BounceI am not a financial adviser. Please consult a licensed financial adviser before investing. Never invest with money you can't afford to lose.
Money Outflow from Tech StockWith the anticipation of re-opening of the economy around the world, there is a large capital outflow from tech stocks with hedge funds rotating out of the sector according to BofA Data Analytics.
I've been trading SQQQ since 11.30 level moving in an out capitalizing the spikes. 2020 was the year that tech stocks lived up to their potential, but now, how are investors anticipating growth from this sector? Maybe tech stocks will be a value play in the medium term but near term, I only see more downside from the sector.
Price having difficulties breaking through 13 which is the 1Q21 close and in confluence with the long term trendling. Short TECH
Watch out for FANG stocks and other people's choice stocks. I think investors are looking for value with the low interest rates.
Is $300 a Lucky Number for Facebook?Technology and the Nasdaq have gone through a rough spot lately because of inflation. That may be creating an opportunity in social-media giant Facebook.
FB is one of the few major Nasdaq stocks to hit new highs recently. Now it’s pulled back and retraced nearly six weeks of gains.
The main chart feature is the “nice round number” of $300. In addition to its psychological importance, it also roughly matches FB’s old highs from late August. Notice the shaded price zone on either side of $300.
Another important thing about FB is its economic cyclicality. Like Alphabet, FB is riding a wave of strong advertising as businesses invest to grow after the pandemic. That makes it a cleaner play on the economic recovery than other Nasdaq giants like Apple and Microsoft.
Overall sentiment has been shifting toward Mark Zuckerberg’s firm lately. It’s resolved issues with Apple’s privacy rules and is starting to grow in e-commerce. Traders may want to see if this current level around $300 becomes a new floor.
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Bear Flag for FNGU 3x etf (updated) - 23% downside possibleIt's shaping up to be a bear flag.
If right, we could see 23% downside, with a price target around mid $22.
Bear Flag for Netflix Could see a 5% swing to the downside over the next week.
Might hit the bottom of this descending channel that we're in, which would be around $480.
We're also below the 50d MA, so I would be cautious.
Potential bear flag for FNGU - maybe 45% downside? FNGU is a 3x leveraged fang etf.
We've had a small consolidation (flag) but now we've started moving downward again (potential bear flag pattern).
Bear flag price target of roughly $15 would mean a 45% fall from current price.
Price target lines up with support levels of around $15 which we bounced off of multiple times in September 2020.
We also recently crossed below the 50d MA on the 4H.
Downside Looming in Amazon.com?Amazon.com has been dead in the water since Labor Day. Now potential signs of a downtrend may be taking shape.
The first thing jumping off the chart are the series of higher lows and lower highs beginning in September. This produced a long triangle pattern that AMZN broke to the downside late last month.
That decline entrenched prices below the 200-day simple moving average (SMA). Buyers tried to defend that level on February 26, but lost the fight a week later. Then it was the sellers’ turn on March 11, turning a potential support area into resistance. Further lingering below this SMA could signal a trend change in the e-commerce giant – especially if the 50-day SMA comes down to form a “death cross.”
The recent drop and lower high around $3,100 is also noteworthy because it was near the lows of mid-November-early January. Again, will old support become new resistance?
Finally, AMZN’s reaction to its last earnings report showed potential fatigue. Profit and revenue both surpassed consensus. The stock tried to rally but failed, resulting in a bearish outside day at the top of the triangle.
Overall, AMZN is lot like Apple at this time. Both are major long-term growth names. However, they’re widely owned and offer less benefit from the economic recovery. This is especially true for AMZN now that traditional retailers are reopening.
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AAPLAAPL price prediction
Setting up for a short with a close below the current trendline, targeting multi-year trendline from that. 120ish - 100ish.
Then below the multi-year trendline, lower gap-fill to 96.75 then recovering trendline.
