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It is a bit rocky. They have had issues in the past. The most recent earnings report was good. He likes the look of the chart. It is below its breakout point of $14.50. Everything is down today. As long as it stays around this point he is bullish. (Analysts’ target: $15.00).

On the 5 year chart you can see it is in an uptrend. It is quite tradable. It began to find a lid just under $30. Buy in the low $20s and sell in the high $20’s. Don’t own it for the long run.

He wrote a blog on FANGs. Basically he noted that a lot of these stocks moved a lot over their 200 day moving averages. He thinks they are overbought by 10% over. This one was 37% over the 200 day. He thinks it will return to its trend line. It is so overbought that it could drop more. $1100 or $1200 is a screaming buy.

We are seeing a really nice breakout. There is a level of resistance in the low to mid-30’s. This could be setting up for a double top. You don’t want to see that second low broken for more than a few days. There is danger on the chart but he will not call it a sell yet. Give it a few days.

It hit a low in 2016 and it looks like that level is being tested (near $10). Near term the trend was down and longer term it is testing a old low. It is in a precarious position. It could bounce up or not. As a new buyer he would not buy it because you don’t know it will hold the $10 line. If you hold it then continue.

MACD – What it is it and how do you use it. 12 and 26 are two moving averages. MACD is a moving average convergence / divergence. If the 12 is moving up, it is getting closer to the longer moving average. It tends to go up as they converge and goes down as they diverge. If MACD is moving in the direction of the market, you are fine.

It is wonderful if you are just collecting dividends. The equity part he tends to buy in the mid-$50s and sell in the $60s. It has been a great trade. Continue to trade within the range.

It broke down in a lousy earnings report late last year. It broke its trend line, and more importantly the level of support at $97 has been broken. There is a lot of air or space now below this price. He is concerned about the look of it from a technical perspective. It might pop back up to its previous support level.

This is in an uptrend. It corrected when the market was correcting. It was a little over bought. It is definitely in an uptrend.

How will it be affected by the FB-Q thing. It would be a sympathy trade. It aggressively broke out this year. It has been parabolic. It is overbought and so you should see corrective movements. So long as the breakout above $155 is held you are probably in good shape.

It has an interesting pattern. After a correction you can get clues that the downtrend is over by watching for a period of consolidation. Higher lows an higher highs. This is what they are doing so you could see a movement up. Buy it if it breaks the high end of the short term trading range.

You want to see positive money flow. If we are seeing positive money flow this is a good thing. A lot of these stocks from the no volatility zone have suddenly become volatile. This is okay. You had a higher high on this chart. At worst the stock is consolidating. If it breaks away to the upside you are away to the races.

It has been moving into a more volatile period. A trend is in place. The highs and lows are progressing higher. It is on trend, consolidating and more volatile.

Moving Averages. He uses the 50 day and 200 day moving averages because they are the classics, but he pays more attention to the 200 day. So many follow it that it becomes a self fulfilling prophecy. He pays attention because others do.

There is a bit of a rounded look on the three year chart. Lately the highs are getting higher and the lows are getting higher. It is a cup and handle formation. This is the handle now. You get noise at this point. If it moves up from here then you have a pretty good looking chart. It is in the beginning stages and could end up looking very good.