GOOGL 1892: Reaching 2000 but Premium Sellers likely winnerGOOGL made a 345 points move from low to high around last earnings. This time, if symmetry holds, GOOGL will reach ATH to about 2000 or 2050.
At near 1900, half that move already happened. Premium sellers of the expected moves are likely winners.
GOOGL is the economy and the economy is not so hot. But youtube is killing it. Also, AMZN is getting an incrementally higher share of ad revenues through its vertical integration. So blow out quarter is less likely a scenario.
Facebook (FB)
AMZN 3292: Buy on dips to 3200, Long into E via PCS or ButterflyNFLX fired the first shot, would AMZN follow? Likely Yes. As a choppy stock, AMZN may pull back to 3200 in the next 10 days before earnings. 3200 or lower would be a nice launchpad for a long play, with PCS 3200/3150 or Call Butterfly as wide as one can to tolerate the risk (100 is my plan). Not a recommendation.
AMZN is killing it with market share gains, incremental margin, and ad revenue; as are GOOGL MSFT & FB. Always invest in monopoly or riding the winner horses as long as it works. Valuation is secondary or far down below in this new market paradigm that we now know as zero interest rate, huge money printing, and growth are all it matters.
TWTR: Long SHARES into Earnings but sell ATM calls to be safeTWTR has shown significant reversal technically and 1st target is 51.
It is after all a monopoly and monetization will be good, losing users from banning half of America is a short-term issue and is probably priced in. After all, most of the users on TWTR are leaning left.
Cheap compared to all other major social media names.
Charts don't lie, enough people want to own it and enough people are using it and enough cloud to be considered a monopoly for a long time to come.
Am inclined to sell ATM covered call to collect some premium just in case the user # is really bad and the street care, then they may not.
NFLX 565: After 2X EM Now What? 550 or 600? Mean Reversion?NFLX exploded after good earnings (projecting cash flow 1 bill). A 3-day continuation is a pattern for most of the outsized move then it chops.
NFLX has entered the chopping stage; reversion to means targeting 550, then 535. Stronger support is at 535.
NFLX also has a history given up post-earnings gain quickly.
EUR/USD: UPDATE PRICE ACTION + FORMATION SHARK + CYPHER 🔔Welcome back Traders, Investors and Community!
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Strategy: Update after entry on Shark Harmonic pattern, now the first TP can be the point D of the new Cypher in formation. - We will be waiting for all the confirmations to enter in this trade.
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$FB 15% undervaluedEven though the tech stocks had a big run and now most of us believe there is a bubble forming if not formed yet, I believe that facebook $FB is still undervalued by about 15% at these prices. The price rebounded from the 200SMA on the daily chart, which triggers a buy signal at least for a short term.
FACEBOOK INC, long point activated. Critical solds under 250.Hi friends. FACEBOOK in long position on the chart window. X-Lines script strong support at 249 and clear bulls target at 259. "Earned" script show big volume of solds under 249. And this solds was bought. So my opinion FB go upper to 259 for a first target.
Go Long (FB) Into Earnings; Bottomed Out Before Rest of FANGI think FB has bottomed ahead of the rest of FANG ahead of earnings.
We had a Bullish Harami candelstick pattern on Thurs/Friday. Looking for confirmation on Tuesday. Expecting first level to visit is $264 and then $275
My opinion only.
Fibonacci Extensions show that there is plenty of levels to visit ahead of earnings. $245 is major support if broken, will fill gap below down around $234.
FB
TWTR 45: Use rally to exit as user base would be down this QI love TWTR and its monopoly position.
The co is losing users after giving fat fingers to 75 mil Americans who voted for the other ticket.
Technically it is oversold on RSI but not on MACD with increased volume on this decline.
Using rally as an exit opportunity but not shorting the stock as it is a monopoly and its long-term outlook is excellent.
I would be inclined to be a seller of PCS at 40 levels, hopefully, post earnings after all the bad news are priced in.
GOOGL is my favorite as a social media co as the educationally focused contents are immensely useful and valuable. Technically it is the best-looking mega-cap for which I would be eagerly going long on dips, perhaps PCS 1650/1600.
FB is still cheap compared to the market and the fervor of "digital stocks" so I would be buyers on dips too.