An Interesting View of the Big 4
Sometimes it helps to zoom out and look at these names from a distance.
we look at a view that's totally different from the daily or 30min charts we're staring at all day long, to just break away from the daily noise.
This is a view of my "big 4" - looking at
====================================
* weekly chart, Renko, $1 blocks
* 1 Year of data
* Most common moving averages (showing 10, 20 and 50)
* lower indicators: Relative Strength, Qtrly EPS and Qtrly Revenue (in that order top to bottom)
What do you see? Any observations stand out if you're trading these big 4 names? Feel free to capture comments and observations below.
What to look for in this broader view?
* Short, mid and long term price trends
* compare current price level to 1-year ago (or the peak before the bear market) level
* Revenue and EPS trends for the last 4 quarters
* breaking out (or below) the blue line (50MA)
* potential for price upside (psychologically - where is current price from 52wk highest & lowest levels)
* Which names are making new (13wk) RS highs or lows versus the market (these are shown by the blue/orange circles on the RS indicator)
* .... others?
My view? I'm looking at trading (and already have positions in) MSFT and GOOG - looking for an entry in AMZN, and putting AAPL on the side for now until it shows better fundamentals ..
Another point here, these charts may show all 4 names are over-extended... so when we trade them, we need to be careful with our stops.. there's always the possibility market moves back into bearish sentiment from these levels.. agree ?
Stay safe and green lines to you.
we look at a view that's totally different from the daily or 30min charts we're staring at all day long, to just break away from the daily noise.
This is a view of my "big 4" - looking at
====================================
* weekly chart, Renko, $1 blocks
* 1 Year of data
* Most common moving averages (showing 10, 20 and 50)
* lower indicators: Relative Strength, Qtrly EPS and Qtrly Revenue (in that order top to bottom)
What do you see? Any observations stand out if you're trading these big 4 names? Feel free to capture comments and observations below.
What to look for in this broader view?
* Short, mid and long term price trends
* compare current price level to 1-year ago (or the peak before the bear market) level
* Revenue and EPS trends for the last 4 quarters
* breaking out (or below) the blue line (50MA)
* potential for price upside (psychologically - where is current price from 52wk highest & lowest levels)
* Which names are making new (13wk) RS highs or lows versus the market (these are shown by the blue/orange circles on the RS indicator)
* .... others?
My view? I'm looking at trading (and already have positions in) MSFT and GOOG - looking for an entry in AMZN, and putting AAPL on the side for now until it shows better fundamentals ..
Another point here, these charts may show all 4 names are over-extended... so when we trade them, we need to be careful with our stops.. there's always the possibility market moves back into bearish sentiment from these levels.. agree ?
Stay safe and green lines to you.
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