{"id":133942,"date":"2018-09-18T19:21:11","date_gmt":"2018-09-18T23:21:11","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133942"},"modified":"2018-09-19T07:34:57","modified_gmt":"2018-09-19T11:34:57","slug":"are-technology-and-fang-stocks-bottoming","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/are-technology-and-fang-stocks-bottoming\/","title":{"rendered":"Are Technology and FANG Stocks Bottoming?"},"content":{"rendered":"
September 18, 2018<\/div>
\r\n<\/div><\/div>

By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Recent downside pricing pressure on Technology and FANG stocks have kept investors wary of jumping back into the market while we wait to see where the bottom may form.\u00a0 Concerns about long-term pricing pressures, US trade wars and the continued Congressional testimony regarding privacy and censorship issues have kept social media technology stocks in a negative perspective.\u00a0 The only aspect of this pricing pullback that is positive is that these stocks will, at some point, find a price bottom and attempt to rally as investors rush back into their favorites attempting to ride the run higher.<\/p>\n

Our researchers believe the current price levels could be a prime example of a short-term bottom setting up in certain technology stocks.\u00a0 Both Apple and Amazon are two of the biggest and most actively traded stocks on the US Stock exchange.\u00a0 They differ from many of the other FANG stocks because these companies actually produce and sell consumer products & services that are, in many ways, essential to conducting commerce and trade.<\/p>\n

This 30-minute chart of Apple shows our Adaptive Dynamic Learning Cycles price modeling system showing a cycle low is setting up over the next day or two in Apple followed by an upside price cycle that should push prices back above $220.\u00a0 Notice the oversold levels highlighted in BRIGHT GREEN.\u00a0 The last major oversold levels setup just below $218.\u00a0 The current oversold levels are setting up just below $217.\u00a0 We believe these $217 levels will likely set up a price bottom and prompt an upside price rally over the next 5+ days that could push Apple prices well above $225.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

Amazon is setting up a different type of price bottoming formation \u2013 a Fibonacci price retracement bottom.\u00a0 We use these Fibonacci price retracement levels in conjunction with our other price modeling systems to attempt to determine where and when price reversals may be set up in the future.\u00a0 In this example, we can see a price bottom formed in early August off a Fibonacci 50% price pullback and the current price pullback is testing the same 50% level.\u00a0 We believe this current setup will prompt a price bottom to form and an upside price rally will likely result in AMZN rushing back above $2000 again with a few days.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

These types is similar price patterns that show the characteristics of stock price action.\u00a0 Each stock inherently exhibits unique pricing trends and characteristics.\u00a0 Very few are identical in price structure\/setup.\u00a0 Although, sometimes certain sectors move in unison.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Our predictive price modeling and cycling systems help us to identify the core price function behind the price action.\u00a0 We use these advanced predictive tools to help us understand what is the most likely future outcome of certain stocks and when we see opportunities, we try to alert our followers and members.\u00a0 Our most recent pick was IYT and we\u2019ve been riding that trend for over 5 weeks now.<\/p>\n

Yesterday, we posted a research article regarding our other predictive analysis modeling systems and the potential for a price correction headed into the US mid-term election cycle.\u00a0 We strongly suggest you read that article and keep in mind that these FANGS and Technology stocks may continue to rally through general market weakness.\u00a0 Please take a moment to visit\u00a0www.TheTechnicalTraders.com\u00a0to learn how we can help you find greater success in your trading every day with our detailed market research, daily research video and clear trading signals.\u00a0 The end of 2018 is setting up incredible opportunities for skilled traders and early 2019 appears to be even more opportunistic.\u00a0 Isn\u2019t it time you found a team that is dedicated to helping you execute more successfully?<\/p>\n

By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders.com Recent downside pricing pressure on Technology and FANG stocks have kept investors wary of jumping back into the market while we wait to see where the bottom may form.\u00a0 Concerns about long-term pricing pressures, US trade wars and the continued Congressional testimony regarding privacy and censorship issues have kept social media technology stocks […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-133942","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=133942"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133942\/revisions"}],"predecessor-version":[{"id":133944,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133942\/revisions\/133944"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=133942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=133942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=133942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}