FNGU going to break the trend line. Already crossed trend line in rsi indicating return of strength.
Breaking down on the NQ1 and the FNGU. SHould have a neckline retest but don't know when. But for now the trend is to the bear side.
bullish decending wedge breakout, MACD turning positive, higher lows on RSI. only nasty looking thing here is the 50/200 day moving averages, but this looks like a very nice way to play the big tech names going into earnings over the next month.
It's shaping up to be a bear flag. If right, we could see 23% downside, with a price target around mid $22.
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...
These are the top yielding securities in the equities market: NASDAQ:AAPL SOXL TSLA AMEX:FNGU NASDAQ:TQQQ NASDAQ:AMZN and AMEX:LABU . All of the exchange-traded funds are 3x leveraged (make sure that you understand how these work) and have the potential to be volatile. Also, Tesla and Amazon may be in a bubble.
This is the FNGU ETF at the 4 hour. It's a 3x leveraged ETF for mainly big tech. Well, FATMANG stocks make up over 40% of the NQ - possibly more by now. This is one of my favorite ETFs to swing trade and scalp. The channels are aligned with the NQ channel that I published. FNGU found support at the middle of its channel... just like NQ. I am not sure how far...
This 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...