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AMZN to move into a bear marketAmazon stock has largely been trading sideways for the better part of 5 months, I've noticed this symmetrical triangle pattern which failed to break to the upside on February 2and. On February 25th a daily candle closed below the trendline support of this triangle. After a fall down to 2878 AMZN will likely look to retest this trendline as resistance. If we breakdown again or come up short of the trendline this could provide a good opportunity for a short trade. The expected measured move of this triangle is 24.61. My target for this short trade is 25.25 as I expect this to be the next place of decent support that is close to the measured move of this triangle breakout. I will set a stop at 3376. I will enter this trade between 3166 and 3209. I'm seeing a lot more potential short trades on FAANG stocks, even though everyone is patting them selves on the back because of higher highs in the broader market. I don't think we are out of the woods yet!
NASDAQ:AMZNShort
by zac_destroys_all
DDOG possible patternDDOG has broken its recent downtrend and it appears to be repeating a cycle annotated on the chart, MACD, RSI with white trend lines where it should test its previous resistance. DDOG got caught up in the IXIC / NDX sell-off but appears to have significant support at the $75 level. Might be a decent short-term trade if it passes the RSI test at 50. Fundamentals aren't too great but the chart looks good, growth is high, and it has beaten expectations on earnings the last 4 times. Earnings on 5/11. Its EV-to-EBITDA is ridiculous but if you like to trade off chart technicals this is looking very attractive at least in the short-term. Being underloved & underappreciated in the space is another ace in DDOG's corner as some attention on the street or from a Cathie Woods type could send it flying. The real question is, will fundamentals actually start to matter?
NASDAQ:DDOG
by EBITDAtiger
AppleMission: Apple’s corporate mission is “to bring the best personal computing products and support to students, educators, designers, scientists, engineers, businesspersons and consumers in over 140 countries around the world.” Recent News: 1. Apple’s Independent Repair Provider program will soon be available in more than 200 countries, nearly every country where Apple products are sold. Launched originally in 2019 and expanded to Europe and Canada last year, the program enables repair providers of all sizes access to genuine Apple parts, tools, repair manuals, and diagnostics to offer safe and reliable repairs for Apple products. There are now more than 1,500 Independent Repair Provider locations serving customers across the US, Canada, and Europe. 2. Apple unveiled a new self-paced professional learning offering, Apple Teacher Portfolio, to help educators bring creativity to every lesson and any subject, no matter where learning happens. Apple is also providing updates across its Schoolwork and Classroom apps and the popular Everyone Can Create curriculum, which take advantage of the latest features of iPad and Apple apps. 3. Apple’s newly completed renewable projects, part of the company’s planned $4.7 billion Green Bond spend, are bringing clean energy to local communities while reducing carbon emissions. In 2020, Apple funded 17 Green Bond projects that will avoid an average of 921,000 metric tons of carbon emissions annually, which is equivalent to removing nearly 200,000 cars from the road. The projects will generate 1.2 gigawatts of renewable energy globally, with Apple adding over 350 megawatts of newly installed renewable energy over the last year in Nevada, Illinois, Virginia, and Denmark. Apple’s Green Bond issuances are among the largest in the private sector. -Source: apple newsroom Let me know what you think! Like Follow Agree Disagree!
NASDAQ:AAPLLong
by Redimere_91
2
NASDAQ and Tech at CrossroadsFriday should be important in determining the direction of tech. RSI and Stochastics are in oversold territory and price has found support at the bottom of a down channel. This could be indicative of a potential reversal. If this reversal plays out, an inverse head and shoulders pattern will have formed- potentially leading to even higher price movement. On the flipside of the coin, if price breaks down at this current support level, we could see a retest of the March 5-8 lows. *Personally am leaning to go long, but always wait on price action for confirmation.
CME_MINI:NQ1!
by cameronknoff
2
Head & Shoulders, MACD reversing on all time frames upwardsGot that head & shoulders, as well MACD is heading upwards on all time frames. Today would be a make or break, but the Fed isn't going to raise interest rates for a while. I could see it heading up to 800 - 900 resistance area, however will want to consider how Volkswagen can impact sentiment on Tesla. I just swing trade so looking for around a 30% gain in the next month or so, watching tech though because that can cause worse performance.
NASDAQ:TSLALong
by AudiSwingTrader
PENN - trade idea PENN is another stock being added to the SP500. short term looks like we can see a pull back. As can be seen the chart is all over the place but its been choppy the past few weeks. Im expecting some short term downside but the longer timelines show bullish sentiment in my opinion. I expect a pull back slightly this week with longer term upside, I would estimate that PENN will pull back to the 0.5 level (118.86) and then turning around to continue higher. Short term meaning one-two hour charts. Always do your own analysis prior to taking any trade this is for educational purposes and not investment advice.
NASDAQ:PENNShort
by skmcgee