Ever since GOOG reported its latest quarterly earnings, its stock price didn’t really make much of a move toward the upside or the downside. Right now it is trying to hold above a slightly flattening 50 SMA and a near term rising trend line near the 890 level. If it doesn’t hold above this trend line and starts gather some momentum to move above its recent high up at the 930 level, it is in danger of breaking down to test the 840 or the 200 SMA level near 795.
GOOG: (click on the chart to get a larger view)
The stock that truly defies valuation, AMZN, made it contrarian move toward higher prices after reporting a loss from its recent operating quarterly results. But then it started to fade ever since. Currently the price is beneath a rolling over 20 EMA and appears to be heading down toward the 50 SMA near 287. If it can’t hold above the 50 SMA, look for AMZN to dip down to test the 285 support and possibly down to the 200 SMA near 265.
AMZN:
NFLX also did not create much excitement from its recent earnings report. Its stock price is hovering above the rising trend line and holding above the 20 EMA and 50 SMA. It needs to make a move toward breaking its recent high and toward the 127% Fib extension near 284. Otherwise, it risks the possibility of falling on its own weight to go down and retest the support level near the 210 mark.
NFLX:
What can one say about TSLA except it probably will not stop moving higher until the shorts are squeezed. The key thing to watch on TSLA is the earning price gap. If it can’t hold above this price gap, then the first support level it might test could be near 131 or the 20 EMA. If it can’t hold the 20 EMA support, then look for a possible test of support near 110. But if it continues to squeeze the shorts, look for it to make its way up to near 170.
TSLA:
LNKD, the strongest web 3.0 IPO continues to show strength. It is consolidating nicely near its earnings gap price level. If it breaks out of this consolidation pattern and move toward the upside, look for possible price target near the 127% or the 141% Fib extension, 246 and 268 respectively.
LNKD:
