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Microsoft is about to add some juice to the Nasdaq I started buying Microsoft call options on today's weakness and I'll be adding tomorrow. Price action is getting really tight at the right spot - $214. Here's what I'm seeing on the daily time frame: We have a potential bullish continuation pattern on the daily if the support holds Do you see the support? With evidence of capital flowing slowly into FANNG names (NFLX & FB), as well as similar supportive price action in Amazon, I expect a power move in Microsoft in the coming days / weeks. Notice how we had similar support on Netflix a few weeks ago, followed by a nice rally recently. I think we're about to see the same in MSFT: A 4-5% move doesn't sound like a big deal to most retail traders, but it's all about risk/reward and how you structure your trade. If the r/r is high, then you could express bets with different forms of leverage that make small moves big % generators. Whenever I publish analysis on a large cap stock... I am using options to trade it. Reminder: I'll be starting a live trading room of some sort for free in the coming weeks or after the New Year depending on the level of interest. Still thinking about how to set it up. I will showcase my trade management which is the most important thing in trading. (Active day trades/swings trades/etc). DMs are open if interested in joining.
NASDAQ:MSFTLong
by Lanmar
9
Facebook, about to blow?Today we examine Facebook. Long time uptrend is our extended lower(green) line. Over the past few months shorts have had their way bringing it down. The purple line is a different color because it seems to be the area price action reacts to, and it creates this nice little ascending triangle(bullish) if we examine the shape. Lets note 2 dates and ill explain why. Oct. 29th Nov. 4th We see volume spikes on these days as price action crosses over the purple line both of these dates. We crossed back over the purple line this week with conviction (imo.) We see price action in a broader symmetrical triangle of sorts with the (green) resistance lines. Looking up institutional ownership we dont see much out flow with some decent inflow. Price action seems to be tightening up, selling volume decreasing, buying volume increasing If Facebook can clear this whole pattern, we can see new highs Personal end of year price target: $300 Good luck all, Happy trading!! Come join us for more charts like this, live stock alerts and news: kick-assets.com/join/
NASDAQ:METALong
by king806
2
FACEBOOK : BEARISH GARTLEY PATTERN - POTENTIAL R/R over 2.00% 🔔Welcome back Traders, Investors and Community! Analysis of #FACEBOOK If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish Gartley pattern with Volume studio. Potential Max R/R 2.09 A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
NASDAQ:METAShort
by FOREXN1
1
FB longNice symmetrical triangle formed for FB here; consistently found support on the bottom upward trend line, likewise for the downward upper line (lower highs and higher lows); 26th Aug it hit its high of 304.67, 67 bps from the bottom trend line (the pink line), can see it jump around the same 67bps from where its at now Fb's position has continuously not been affected by lawsuits or whatever, lets face it, they're a powerhouse with multiple consistent revenue streams and only look to keep going ps still very amateur at charts, would appreciate feedback and thoughts
NASDAQ:METALong
by busanta29