For the third time in a row, Apple reports a dip in sales as it releases its report for Q2 2023. The announcement led to a 7% drop in stock prices as more investors seemed to lose confidence in the stock’s performance.
Facebook’s price turned down
2021-07-20 • Updated
Trade idea
SELL 192.70; TP 188.45; SL 194.20
Facebook's stock formed a bearish “shooting star” candlestick on the monthly chart. On W1, there’s also a bearish reversal combination: an “inside bar” plus the so-called “fakey” (a failed attempt to break higher). On D1, we can see that the stock made 3 consecutive unsuccessful attempts to return above 198.50 (April high). Yesterday, the price closed below June highs at 194.00 and this opens the way down to 188.45 (23.6% Fibo retracement of the 2018-2019 advance).
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Are you searching for trade opportunities for December 6-10? Here you go!
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone