APPLE Weekly Review
Wave Analysis
Last week, the price of the shares of this company gaped to a fresh higher high 514.8. However, the price pulled back and closed below its opening price, we expect this bearish rally to be a mere correction and not a sign that sellers are taking control. We expect this correction to continue this week but should not go beyond the supportive trendline. Ideally, we expect the impulsive wave (v) to continue to the upper side towards 600.00 or even higher by the end of this year. As it is now, we are in a correction mode.
Trade Recommendations:
Watch for potential buy positions.
Amazon Weeklyb Review
Wave Analysis
Amazon shares continue to establish fresh higher. Last week, we saw a new high around 3451.70. We are waiting for a minor pullback towards the 23.6% fib level to rebuy the shares of this company, if you are looking at this chart now, keep looking for long term buy positions expecting price to continue to the upperside towards 3500.00 or even higher. As it is now, on this chart, only buy positions looks ideal and can safely be recommended. Sell positions are risk and may not be ideal.
Trade Recommendations:
Look for long term buy positions.
Facebook shares Weekly review
Wave Analysis
The value of the shares of Facebook has been increasing following the break above the upper trendline. While we continue to see sustenance above 268.50, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should break beyond 320.50 towards 328.00 or even higher. On this chart, only buy positions looks ideal and can safely be recommended towards 338.00.
Trade Recommendations:
remain long towards 338.00.
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