Im back!!! Hey traders sorry its been a while since i publish on TradingView but make sure you follow me and be on the look out for my new stock calls coming out weekly. If your a new or old trader/investor looking to purchase
Currently
You and I both know that
So what does all this mean for a trader?
This creates the perfect opportunity for a pull back entry that allows traders to purchase the most powerful company in the American stock exchange at a much lower price than it currently averages at.
**Disclaimer**
Before entering a trade three types of analysis should be performed.
Fundamental Analysis = The study of financial statements and economic news. (Overall Trend)
Technical Analysis = The study of chart history. (Entry & Exit Strategies)
Sentimental Analysis = The study of the markets current psychology and traders psychology.(Instinct)
After performing the three analysis below are my results:
Fundamental Analysis = LONG (BUY)
Technical Analysis = SHORT-TERM SELLING
Sentimental Analysis = Market fears currently higher than confidence.
To better explain:
This means that right now momentum is headed downwards technically but the overall trend is up fundamentally.
So since we know the overall trend is upwards but we are currently headed downwards it creates the perfect timing to use our Fibonacci Retracement tool. A tool that is used to find important entry and exit levels in a trending market. Which is traditionally applied to the low & high of a trend. Here were my results:
As you can see in the chart above we have already retraced with a spike below the 23.6% level at $284.07. Markets are still showing downwards momentum that is headed towards the 38.2% level or $256.95.
MY SUGGESTION:
Place LONG orders totaling anywhere from 1-5% of your total trading capital on each retracement level below:
23.6% = $284.07 (BUY)
38.2% = $256.95 (BUY)
50.0% = $235.05 (Great trade opportunity) (BUY)
61.8% = $213.12 (What i consider the PERFECT IDEAL TRADE) (BUY)
78.6% = $181.92 (ABSOLUTE BARGAIN!!) (BUY)
Take profit: $327.85 at the previous ATH. (All Time High) Be patient and trust the process. This monster of a tech stock will most definitely return to break more records in the upcoming months when the continuation wave arrives.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.