USTECH 100 , Bullish , Long term buy .USTECH 100 might go up in the next couple of weeks, when it reaches 7200 there is a risk of falling down to 7000 , if it breaks through 7000 it could potentially go down to 6800.
Ustech100
FB disaster waiting to happenFB disaster waiting to happen! As Snap and Twitter rise, User hours drop on FB, Russian Scandal, News of CEO planning to sell $billions in stock and technical picture looking shaky under this week low of 178 where 100dma support and rising trend line is lost. RSI divergence is noticeable too. In the past a correction of anywhere between 15-25% have happened.. Given the massive breakdown in markets I would think a 25% drop from top is high probability. Initial support though comes in at 200dma. Targeting 155 (24% fib of total run from $18
Inside bar without any resistanceAs we all know, inside bars suggests a continuation of the trend or a reversal of it when forming on notable resistances/supports,
USTEC has continued its journey to the moon after the recent huge decline. Buying a stock after reaching an all-time high, after retracements, is alright. I've been holding two long positions for the past weeks with an open TP, and I will hold so.
//Jim Cramer is one of CNBC’s top stocks analysts and a former hedge fund manager. In an edition of Mad Money, Cramer explained that he is often inclined to buy stocks that have reached fresh all-time highs, providing they have been rising consistently, and have pulled back since reaching their latest high point: "When I'm ready to establish a position, I wait for a pullback to come that's at least 5 percent down," Cramer said. //
