Where's FNGU going? Chart has shown down trend showing Lower Lows and Lower High. However it broke that trend on Dec 23 and been going side way. If price break above $40, I'm going Long If price break below $36.6 I'm going Short, (buy SPXS)
FANGU may be ready to swing upwards after double bottom pattern. We will see? Edutainment Purposes Only!
MicroSectors FANG 3X ETF - For the buy and hold investor - So you don't think it is possible for an ETF to move 10 - 25% quickly with the market? Then try researching 3X ETFs. Add MicroSectors FANG index 3X ETF - FNGU - and the inverse FNGD to your watch list. Edutainment Purposes Only!
The FNGU reached 42.36% of the Fibonacci extension level from a small wave. Support for the decline appears to be $26-28.
FNGU going to break the trend line. Already crossed trend line in rsi indicating return of strength.
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Breaking down on the NQ1 and the FNGU. SHould have a neckline retest but don't know when. But for now the trend is to the bear side.
Looks like FNGU may go short from here.
SOXL has downward pressure here - may go south.
16 Price Characteristics Impacting Future Price Action and Trend Strength Cycle Amplitude Cycle Period Bar Retracement Symmetry Average Bar Range (ATR) Price Persistence The Average Bar Stochastic Ratio (closing price compared to bar range) Average Candlestick Real Body to Range Ratio Angular Symmetry and Momentum Barrier Proximity Frequency and Depth of...
$FNGU 4-hour candles. After a massive run, FNGU has fallen out of the upward channel it's been in. We also see RSI breaking down below overbought zone and Stoch pulling down too. Also note falling volume as price has been increasing. This would appear to signal a change in trend. Now expecting a pullback to test the lower range of BB. Disclosure: Long $FNGD
bullish decending wedge breakout, MACD turning positive, higher lows on RSI. only nasty looking thing here is the 50/200 day moving averages, but this looks like a very nice way to play the big tech names going into earnings over the next month.
It's shaping up to be a bear flag. If right, we could see 23% downside, with a price target around mid $22.