FAANGT: under close surveillance!
FAANGT’s long- and mid-term trend charts are presented.
Also the long-term trend charts of FB, AMZN, AAPL, NFLX, GOOGL and TSLA are presented. ___
Comments on weekly chart:
-----------------------------------
* For 4 weeks the prices are between the 9w and the 30w SMAs.
* All the indicators are declining with huge divergences.
* Especially the Chaikin Money Flow indicator reveals that the
"smart money" was reducing their positions in the FAANGT
stocks all the previous months.
* The fall is probable to continue until the RSI and the MACD
indicators reach at least to their oversold areas.
* A rising move will be a surprise and all the indicators tell that
such a move will be a great chance to close long positions.
Comments on daily chart:
--------------------------------
* A rising reaction started on Mar, 8 and stopped at
the 30d and the 50d SMAs.
* The MACD is still rising but is in negative area.
* The 30d SMA broke downwards the 50d SMA.
* The divergences that appear in all indicators and
in the Volume, warn that the decline may continue.
* We should examine opening long positions in the
FAANGT stocks when the prices break upwards
the 30d SMA (and the 50d SMA because its near),
with a 2-3 days’ time filter.
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
Also the long-term trend charts of FB, AMZN, AAPL, NFLX, GOOGL and TSLA are presented. ___
Comments on weekly chart:
-----------------------------------
* For 4 weeks the prices are between the 9w and the 30w SMAs.
* All the indicators are declining with huge divergences.
* Especially the Chaikin Money Flow indicator reveals that the
"smart money" was reducing their positions in the FAANGT
stocks all the previous months.
* The fall is probable to continue until the RSI and the MACD
indicators reach at least to their oversold areas.
* A rising move will be a surprise and all the indicators tell that
such a move will be a great chance to close long positions.
Comments on daily chart:
--------------------------------
* A rising reaction started on Mar, 8 and stopped at
the 30d and the 50d SMAs.
* The MACD is still rising but is in negative area.
* The 30d SMA broke downwards the 50d SMA.
* The divergences that appear in all indicators and
in the Volume, warn that the decline may continue.
* We should examine opening long positions in the
FAANGT stocks when the prices break upwards
the 30d SMA (and the 50d SMA because its near),
with a 2-3 days’ time filter.
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
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