Here are today's directional views from the global research desks of Ventura Prime FX! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!
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DAILY STOCK TECHNICAL NEWSLETTER
December 5, 2021
 
 
 
Here are today's directional views from the global research desks of Ventura Prime FX! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!
 
 
 
Amazon.com   Alphabet   Microsoft   Apple   Meta Platforms   Alibaba  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
Amazon.com intraday: the RSI is oversold
 
3380 is our pivot point.
 
Our preference:
The downside prevails as long as 3380 is resistance.
 
Alternative scenario:
Above 3380, look for 3411.5 and 3430.25.
 
Comment:
The RSI is below 30. It could either mean that prices are in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Amazon.com stands below its 20 and 50 period moving average (respectively at 3402.35 and 3458.45).
 
Analyst Views Chart
 
 
 
 
 
Alphabet intraday: the downside prevails as long as 2846.5 is resistance
 
Our pivot point stands at 2846.5.
 
Our preference:
The downside prevails as long as 2846.5 is resistance.
 
Alternative scenario:
The upside breakout of 2846.5, would call for 2878.25 and 2897.
 
Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Alphabet is trading under both its 20 and 50 period moving average (respectively at 2839.6 and 2853.69).
 
Analyst Views Chart
 
 
 
 
 
Microsoft intraday: the downside prevails as long as 323.3 is resistance
 
Our pivot point is at 323.3.
 
Our preference:
The downside prevails as long as 323.3 is resistance.
 
Alternative scenario:
The upside breakout of 323.3, would call for 326.2 and 327.9.
 
Comment:
The RSI is trading below 30. This could mean that either prices are in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Microsoft stands below its 20 and 50 period moving average (respectively at 324.85 and 329.55).
 
Analyst Views Chart
 
 
 
 
 
Apple intraday: the downside prevails as long as 162.2 is resistance
 
Our pivot point is at 162.2.
 
Our preference:
The downside prevails as long as 162.2 is resistance.
 
Alternative scenario:
The upside breakout of 162.2, would call for 164.2 and 165.4.
 
Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Apple stands below its 20 and 50 period moving average (respectively at 162.26 and 164.13).
 
Analyst Views Chart
 
 
 
 
 
Meta Platforms intraday: short term rebound towards 313
 
299 is our pivot point.
 
Our preference:
Short term rebound towards 313.
 
Alternative scenario:
The downside breakout of 299 would call for 294.2 and 291.4.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Meta Platforms is trading under both its 20 and 50 period moving average (respectively at 306.62 and 314.55).
 
Analyst Views Chart
 
 
 
 
 
Alibaba Intraday: turning down.
 
Pivot:
118.00
 
Our preference:
Short positions below 118.00 with targets at 108.80 & 103.00 in extension.
 
Alternative scenario:
Above 118.00 look for further upside with 125.00 & 130.00 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 
Analyst Views Chart
 
 
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