Facebook moral eigenjesus bullishness at 200day EMABullish on the long term cycle - Price above 200day EMA. Just had a 20 day selloff. Good long entry if neutral and good hold if long. Same for Apple, Netflix, Google, and all the other big tech stocks.
www.scottaaronson.com
Consider the market trend to be Eigenjesus, or at least the concurrence of several of his high eigenpriests. It serves not only as an objective determination of absolute morality in the market, but more importantly absolute profit. As such, if the price is above the 200day EMA, bullishness is virtue. In such a case, one can only be long or neutral - for to be short would not only be unprofitable, but more importantly immoral.
Google (Alphabet)
GOOG- The Trend Is Your Friend As Defined By The Green Lines.3-16 Is Google in the process of building
out a 5 waves up affair? Sure looks like it.
IF IF IF true then the current trend as defined
by the green uptrend channel is up. Notice
how this issue basically tagged trend channel
support and is pulling away from it? That's where
a stop can be placed, a break of the pink line.
Notice how within that overall uptrend channel
there is a downtrend (red) within it?
That is the definition of a trend within a trend.
Ever hear of the bunny hop dance?
CURRENTLY you are looking at one.
For educational and informational purposes only, trade are your own risk this is not a recommendation.
AAPL- You Need Only Ask One Question- Where IS Support.3-10 In keeping with my theme today of using support to guide
your entries?
Much like PANW this issue is sporting a similar set up brewing.
For those who like to buy stocks in uptrends
pulling back to support? You need only ask one question.
Where is it? Look no further than the green trend line.
Should this issue tag those zones that is where you want to
see the stock stabilize.
As always, trade at your own risk, these are not recommendations.
Strictly for educational and informational use only
Bearish Target @ 456.21 | $GOOG $GOOGL #NASDAQRationale: Pure technical
- Predictive/forecasting model
- Gap pending
1 - Predictive/Forecasting Model:
- Target = TG-Lo = 456.21 - 04 DEC 2014
2 - Pending gap favors similar technical demand
3 - Structure:
Overhead resistance proven @ 567.45
- IF price break > 567.45, bearish target invalidates if closes > 598.58
- Targets affirmed at break < 518.41
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
----------
Twitter: @4xForecaster
----------
$FB Heads $100Not only numbers is attractive but also the chart. When both agree on company's future outlook, hard to resist to stay sideline and wait correction to happen in order to enter your long waited trade. In most cases, we are right about FB and so far all trades were profitable by simply using a few signals. Very strong level to watch now is $78.56 area where some technicians may find interesting. When there is no known resistance ahead of you, but to use FIB projection..though it may give you some possible price rest, also may add up what analyst say about the company and what target price they may have on it. This combination will give you either exit levels or reload levels. We see $100 coming next 16 months if not sooner.
The Rise of TwitterIt's not exactly breaking-news that Twitter tumbled shortly after it's IPO. Today's close brings the stock a smidgen below its near-IPO low of 38.80 , just before the euphoria of.... absolutely nothing set in and shot the stock to an all time nominal high of 74.73 proving to be nothing more than some kick-ass fuel for fire.
TWTR closed the day just below the edge of resistance. Recent price action appears to have a decent bullish footing with bullish volume and confirmation combined with bullish momentum. Should the stock retreat, I'm looking at the 35 price point for support. A gap up from here could bypass the immediate overhead resistance and possibly set the target to 47.
A tweet for thought.
Bulls aren't gonna make it easy for the BearsThis is a 4 hour chart of the QQQ and it shows both the bullish and bearish side of the argument. I have a bias to the bear side due to bearish divergence on the weekly chart and also the head and shoulder pattern. However, the bullish argument is that we have an inverse head and shoulder pattern ( green) opposing the Bears, and also the fact that we are still in a primary bull trend. The Bulls can drive the price all the way to 89.00 level and we could still be bearish long term. If we breach that level and get resistance level above ( 89.61)., then the bears might be in some trouble. That being said, often times in a bullish uptrend, we see the indices make new highs one to break down a few days after and turn bearish when it is least expected. I think right shoulder ( red) might take longer that many bears might be anticipating. I'm bearish medium term( 6 months), bullish short term( 3 weeks)