Apple (AAPL), Amazon (AMZN), NetFlix (NFLX) - 3 Big Tech Stocks With Clear Resistance Overhead


Don't rely on it Amazon.com, Inc. (NASDAQ: AMZN), Netflix, Inc. (NASDAQ: NFLX) or Apple Inc. (NASDAQ: AAPL) to hit new highs soon. All three have significant resistance just above their current prices.

Resistance is a group or concentration of vendors gathered at or near the same price level. They are all trying to get the same price for their shares. Rallies end when they reach a level of resistance, and stocks often trend lower afterwards.

See Also: SVODs In The Spotlight At Oscars When Netflix Hits 7, Facebook Wins First Prize

There is resistance for Amazon at the $ 3,400 level. It was the peak of October, February and the beginning of this month.

The resistance for Netflix is ​​$ 560. Over the past few months, every time stocks hit this level, there has been a sell-off.

1619436594_493_Apple-AAPL-Amazon-AMZN-NetFlix-NFLX-3-Big-Tech.png

For Apple, the resistance is at $ 137. Shares have hit this level five times since September. A sell-out followed at every opportunity.

1619436594_764_Apple-AAPL-Amazon-AMZN-NetFlix-NFLX-3-Big-Tech.png

© 2021 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.


continue Reading

https://thedailytradingnews.com/apple-aapl-amazon-amzn-netflix-nflx-3-big-tech-stocks-with-clear-resistance-overhead/

Comments

Post a Comment

Popular posts from this blog

Open call: ACC Residency 2023 - Announcements

Asia Culture Center (ACC) is seeking participants for ACC Residency 2023. ACC has been organizing international residency programs not just as a form of artistic support policy, but a superlative creation/production program to produce novel and diverse content with creative talents from all over the world. As a forum for experimentation and exchange it envisions alternative futures based on a spirit of artistic engagement with reality. This year, the residency will be held in collaboration with ACC Sound Art Lab under the theme “Futures of Listening” which is also a long-term project led by ACC Sound Art Lab. As part of the collaboration, the two programs will be jointly organizing creative support programs for participants including talks and workshops by four world-renowned soundscape experts. Based on these, residency participants are to develop and present concepts for individual projects exploring the theme. This will be followed by the actual production and realization of t...
Read more

Show Me a Good Loser, and I'll Show You a Good Trader

Hall of Fame soccer coach Vince Lombardi once said, "Show me a good loser and I'll show you a loser." It's an understandable feeling in sport where the effort never to fail, never to lose and never to stop is the key to success. There is no benefit in giving up and admitting that you will lose in a sport like soccer. In other endeavors, it is extremely important to admit that you are in a bad position and you are unlikely to get your way. For example, professional poker players fold a significant number of their hands. It is a smart strategy to take a small loss straight away instead of pressing further when the cards are not in your favor. You may end up with some luck if you stay in, but it's not the wise bet. Better to protect valuable capital and wait for a better opportunity. Poker players who fold are not ashamed to fold. It is an essential strategy if you are going to win. It's only part of the process of professional gambling and it helps imp...
Read more

Trading Penny Stocks This Week? 3 For Your April 2021 Watch List

Image
3 penny stocks to see this week Are you looking for penny stocks to buy this week? If you answered yes, you are not alone. Every weekend we receive thousands of requests for new information about the markets and what to see. Whether you are trading penny stocks or looking for investment opportunities, the starting point is usually the same: creating a watchlist. How do you compile a penny stocks watchlist? It may seem relatively self-explanatory. To put together your list of penny stocks to watch, you need to find some letters and put them on a piece of paper or a simple word file, right? Of course, this is the process, but how do you find the best penny stocks to add to the list? In my experience, the weekends are the best because you don't struggle with active market trends. You also have a lot more time to research. This process involves watching the news and anticipating if there are any market trends that might play a role. In the coming week, the biggest story is likel...
Read more