The majority of large players in this sample closed the week with candles that instill a bullish sense. However, if one looks at the monthly candles that will be printed tomorrow, the majority of candles are about to make strong bearish formations.
For example, in order to avoid a bearish combo:
– MSFT has to rally about 3%;
– FB would be looking for roughly 7%;
– NVDA needs about 10%; and
– AMZN would require about 15%.
AAPL, GOOGL and TSLA would need a few percent.
XOM is the only one sitting comfortably.
Can the stocks escape the monthly bearish odds??? Tomorrow will be a very critical day.
This post is part of the Weekly Analyses series that InvestingAngles offers to followers and subscribers.
The US indices do not look very optimistic either, as discussed in the MARKET WEEKLY Video: