Lockdown Stocks - FB
Short Term
Long Term
I might carry the "Take profit" limit further out to $314 or higher if $300 shows resilient support. Happy to own the stock in the long term.
Indicators to Watch
* Positive MACD crossover
* Medium term wedge broken and confirmed to the upside
* Testing Medium Term uptrend line (blue)
* Resistance at $304 (recent all time high)
* Longterm analyst consensus price $314
The bigger Picture
FAANG stocks have seen a choppy and volatile run up to US elections after a strong V-shaped run since March 2020. I partially blame a sector rotation from Growth to Value prior to the US election, mainly funded by profit taking. At the time of writing the election results point towards a divided government. Such an outcome is likely to limit extreme moves in policy, regardless of who moves into the white house. As a result we have seen a big shift back into Growth stocks over the past trading session.
I like to believe that the Covid-19 situation will continue to dictate our lives in the near future and thus I seek exposure to companies that profit from this environment. However, instead of shooting for any kind of growth stock, having a solid balance sheet and a clear outlook is vital to my investment approach. It's something I like to call "Value-Growth" investing.
- Buy Stop $290
- Stop loss $287
- Take Profit $306
- R/R ratio 3:1
Long Term
I might carry the "Take profit" limit further out to $314 or higher if $300 shows resilient support. Happy to own the stock in the long term.
Indicators to Watch
* Positive MACD crossover
* Medium term wedge broken and confirmed to the upside
* Testing Medium Term uptrend line (blue)
* Resistance at $304 (recent all time high)
* Longterm analyst consensus price $314
The bigger Picture
FAANG stocks have seen a choppy and volatile run up to US elections after a strong V-shaped run since March 2020. I partially blame a sector rotation from Growth to Value prior to the US election, mainly funded by profit taking. At the time of writing the election results point towards a divided government. Such an outcome is likely to limit extreme moves in policy, regardless of who moves into the white house. As a result we have seen a big shift back into Growth stocks over the past trading session.
I like to believe that the Covid-19 situation will continue to dictate our lives in the near future and thus I seek exposure to companies that profit from this environment. However, instead of shooting for any kind of growth stock, having a solid balance sheet and a clear outlook is vital to my investment approach. It's something I like to call "Value-Growth" investing.
Trade ativo
Position openedBuy @ $294
Stop @ $284 with subsequent limit at $287
Trade fechado: stop atingido
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.