Created a composite price chart (FB+AAPL+AMZN+NFLX+GOOGL)
Saw some horizontals, place a fib w/extension, just so happens FAANG reached a 1.618 extension which just works for a reversal. Price closed Monday (3/16/20) at the 50% level in the original trading range
Relative to the prior 2 years FAANG is still the strongest and may be due to the excess of cash reserves (AAPL 200B+, AMZN 50B+, FB 50B+, etc) and limited debt financing. Wouldn't be surprised if these firms acquire targets at a faster rate than already had been.
From a trading perspective, markets are too volatile to want to enter.
From an investing perspective, these firms are cheaper than they were and have been whilst outperforming on the decline (S&P down 29% from peak, QQQ down 25% from peak, FAANG down 23% from peak). --> Dollar cost averaging may make sense
Saw some horizontals, place a fib w/extension, just so happens FAANG reached a 1.618 extension which just works for a reversal. Price closed Monday (3/16/20) at the 50% level in the original trading range
Relative to the prior 2 years FAANG is still the strongest and may be due to the excess of cash reserves (AAPL 200B+, AMZN 50B+, FB 50B+, etc) and limited debt financing. Wouldn't be surprised if these firms acquire targets at a faster rate than already had been.
From a trading perspective, markets are too volatile to want to enter.
From an investing perspective, these firms are cheaper than they were and have been whilst outperforming on the decline (S&P down 29% from peak, QQQ down 25% from peak, FAANG down 23% from peak). --> Dollar cost averaging may make sense
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.