A Closer Look at the 6 Giant Tech..! CORRECTION phase!

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I believe when you compare the charts together it will help you to have a better idea of market sentiment.
In this analysis, I put the 6 Giant tech companies which have the highest market cap together, so my followers could have a better and more clear understanding of the new sentiment in the stock market.
It is crystal clear after March 2020 we had experienced an incredible market, but since Feb 2021 it seems the market entered a CORRECTION phase and it is obvious in the charts.
1- Apple: closed below: 50 EMA, closing price of 2020, and more than 10% away from its top. LOWER HIGH-LOWER LOW pattern
2- Microsoft & Alphabet: in Trendlesss Zone in the last 2 trading weeks
3- Amazon: closed below 2020 closing price, lower high pattern, and bearish ladder candle.
4- Tesla: after breaking a trendless zone from the downside experiencing lower trading volume every day. Jan 8, 2021 trading volume 75 million decreased to 18 million in the last trading day.
5- Facebook: closed below 2020 closing price, and below its 50 EMA.

* Interestingly, financial metrics in most of them improved in their last report.
** This doesn't mean we will not experience 1-3 day positive moves, be careful with options trading!
*** This analysis could be a roadmap for short-time traders, and the story could be different for long-term investors.

Please leave your comments below if you think you have evidence contradicting this article.
Moshkelgosha

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تم فتح الصفقة

This is a sniper grade job 100% accuracy, 6 bullet in between 12 eyebrows of 6 Giant!