TATCH 👻 TRADING ANALYSIS: [FA²NG] There will be blood…

4 min readSep 10, 2018

Yes I hesitated with “Shit’s about to hit the faang” 🤪 for title…

Looks to me that FAANG stocks have ‘sync’ and that a serious correction is underway, actually it might already be ongoing. Let’s have a look to them one by one:

Facebook [FB]

Price already made an early signal (orange circle) before going for a shorts squeeze. That big bear candle (pink circle) with a nice pin on the top is definitely significant…

Amazon [AMZN]

If anything, this looks like a bump and run figure (BARF) or what people call a pump and dump on lower timeframes…

Looking closer on last year period, we had also an early signal (orange circle). It got dismissed and a new full cycle took place (3 levels in green with a stophunt mid-level 2):

At this point seeing a proper double top forming would be nice. No sure that price will go back to the lead-in trendline (pink line from first chart) but we are looking for a significant correction. At least back to 1500$ so early shorts can cover.

Apple [AAPL]

Growth from last ‘official’ crisis in 2008 is just insane and cannot be sustainable even with QE money printing and Apple buybacks of its own stocks (in order to give tax-free remuneration to its C-level…🤫)

Again we had an early setup in the orange circle before price just went vertical… On a closer look we can clearly see that something is going on (this is a pic from last week):

If you’r a follower this enlighten pattern should be familiar. We have a 2 range extensions with a tight trading range (TTR) in between; or a O-I-O pattern on a larger scale. At the time my point of view on this setup was “if accurate ‘they’ need to move as fast as possible from the TTR area”; which happened:

Netflix [NFLX]

Adoption phasis is over, this is not sustainable:

On the 8th of July I warned in our trading room about a forming ‘M’ pattern (or double rejection), now it’s clearly visible:

Google/Alphabet [GOOG]

Once again we had an early signal (orange circle) during the wedge extenstion. Now the weekly chart printed nice ‘pins’ (pink circle); last week we also had a very nice bearish candle that call for some follow-up…

BONUS: Tesla [TSLA]

I would put Tesla in the same basket as the others. Clearly it’s a more ‘emotional’ stock as most plebs like Elon, the concept of Tesla and offcourse the cars.

But fundementals of the company are very bad !
Clearly Tesla is running a ponzi-like scam to keep head above water.

See: https://www.zerohedge.com/news/2018-07-05/why-tesla-executives-are-fleeing

Turns out even Hitler tried this kind of scheme to keep margin afloat, it cannot last.

Telsa stocks seem more tricky because of the ‘emotional’ part and tweets from Musk. But like for NFLX I did warn about some reversal above 400$ on july 8th in our Telegram trading room:

I’m now pretty sure we won’t see any “funding secure” to go private nor 420$ mark anytime soon, except if ‘they’ go for a last spike up to hunt all shorts, but in such case the fall would only be greater…

Again we had an early signal (orange circle) and some nice pins (pink circle). Short/mid-term price should rise a bit though (see green circle):