Looking at the "triple A" FAANGs (Apple, Amazon, Alphabet), the ladder two which actually looks more bearish than Apple, they seem to be making a slight recovery.
Alphabet (GOOGL) may go up to about ~1,166 and Amazon may go to about ~1,860 before resuming a final down leg to the final targets of this market correction. Obviously, we don't know for sure, but we will watch the market for a reaction at these confluent zones, to confirm a low-risk short.
The overall story is a slight recovery with a lower high, then continuing down, stopping at a lower low than when the market began dropping around September/October.
My take is that if this happens, it would be a good opportunity to load up some, as I believe this is currently only a market correction, and not a full blown recession... yet.
Alphabet (GOOGL) may go up to about ~1,166 and Amazon may go to about ~1,860 before resuming a final down leg to the final targets of this market correction. Obviously, we don't know for sure, but we will watch the market for a reaction at these confluent zones, to confirm a low-risk short.
The overall story is a slight recovery with a lower high, then continuing down, stopping at a lower low than when the market began dropping around September/October.
My take is that if this happens, it would be a good opportunity to load up some, as I believe this is currently only a market correction, and not a full blown recession... yet.
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.