For the fourth quarter, Facebook is proving to be an outlier among the top tech companies. Its results come a day after Alphabet cruised past estimates, sending its stock higher on Wednesday. Apple and Microsoft also topped estimates on profit and revenue. Despite a January stock slump across tech, the industry giants, other than Netflix, have delivered uplifting earnings reports, reminding investors of the power of their dominant businesses even in a challenging macro environment.
I'll be looking for an entry potentially, not right now, and perhaps never.
This is a setup, for a short-term swing trade only.
I'll be looking for an entry potentially, not right now, and perhaps never.
This is a setup, for a short-term swing trade only.
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Remember, we need confirmation of a reversal to enter the trade, don't catch a falling knife here.
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Divergence on hourly, MACd / RSI. Opening 1/3 position long.
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Keep in mind, only a close below stop loss = a failed trade.