FAANGT stocks: weekly course valuation
FAANGT’s long- and mid-term trend charts are presented.
Also the mid-term trend charts of FB, AMZN, AAPL, NFLX, GOOG and TSLA are presented. ___
Comments on the weekly chart:
* This week the price crossed upwards the 9w SMA.
* The technical picture of all the indicators on the weekly
chart remain negative but, as the daily chart shows, this
is probable to change in the coming weeks.
* The overall market sentiment seems to be changing to
positive and we need to adapt quickly. An assessment
of the picture of all the key market indexes, can be
found in my post entitled "The indexes seem to be
recovering from the fall".
Comments on the daily chart:
* The price is for 2 consecutive days over the 30d SMA
and now stands on the 50d SMA.
* The MACD is in negative area but is rising.
* Now, we should examine opening long positions in the
FAANGT stocks, especially if Monday's close is positive.
Next follows my post "The indexes seem to be recovering from the fall"
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 mid-term trend charts of FB, AMZN, AAPL, NFLX, GOOG and TSLA are presented. ___
Comments on the weekly chart:
* This week the price crossed upwards the 9w SMA.
* The technical picture of all the indicators on the weekly
chart remain negative but, as the daily chart shows, this
is probable to change in the coming weeks.
* The overall market sentiment seems to be changing to
positive and we need to adapt quickly. An assessment
of the picture of all the key market indexes, can be
found in my post entitled "The indexes seem to be
recovering from the fall".
Comments on the daily chart:
* The price is for 2 consecutive days over the 30d SMA
and now stands on the 50d SMA.
* The MACD is in negative area but is rising.
* Now, we should examine opening long positions in the
FAANGT stocks, especially if Monday's close is positive.
Next follows my post "The indexes seem to be recovering from the fall"
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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