$Apple(AAPL)$ $Alphabet(GOOGL)$ meta were hit by eu probe digital market act. this may lead to huge fines. previously, the rumor has it that aapl might adopt googl's generative ai. soon after the probe was announced.
aapl has potential to run up to 220 according to Fibonacci retracement applied to pnf chart. however, it might pullback to 166 before rebounding up.
googl has potential to go up to 190 according to Fibonacci retracement applied to pnf chart. however, it has probably recently jumped up just to clear the gap down from 151.19. the recent jump up also resulted in a gap up from 143.18. looking at the lost in momentum and negative news for googl, it is likely for the gap to be filled. the pnf showed a double top.
$Invesco QQQ Trust-ETF(QQQ)$ made a new high due to fed pivot hopes despite inflation resilience. it has retraced since then. there are many gaps below and a pullback is likely needed to normalize prices. a retracement to 404 is possible.
do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.
merci @TigerStars @TigerWire @koolgal @Asphen [Happy] [Salute]
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