With the beginning of a new month, what better time to look at a handful of 5 year monthly candlestick charts? Analyzing long-term stock trends usually involves the use of monthly candlestick charts. Reviewing long-term trends helps to set expectations for upcoming share price moves. The best trading results involve setting expectations and then monitoring those expectations.

Remember that this is a quick hits article to look at several different stock charts at one time. If you want a more detailed analysis for any company, drop a request below or in the Idea Chamber. I can take a look at shorter-term trends and also look at some possible trade set-ups developing for any of them.

Apple (AAPL)

This 5 year monthly chart for Apple (AAPL) suggests a continued move towards the $220 price level. At the $220 price level there is a confluence of Target Lines from 2 different Fibonacci Extension Tools.

When the MACD Histogram reflects increasing buying momentum, it almost always leads to higher prices. The exception would be a bearish divergence, but that does not appear to be the case for Apple.

A long-term trade would be to stay long until the $220 price area is reached and then look for a pullback to the $200 area to reload any sold shares.

Alphabet (GOOGL)

This is a 5 year monthly candlestick chart for Alphabet (GOOGL). The $[s2If !current_user_can(access_s2member_level1)]…….

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I set expectations for the share price of each as well as calculate price targets for those expectations.

If you are not a Trendy Stock Charts member, consider joining today! There are several different subscription plans available.[/s2If][s2If current_user_can(access_s2member_level1)]1,375 price level appears to be an initial price target for Wave 3. Trying to trim shares at the top of a Wave 3 and repurchasing them during Wave 4 is the trading strategy.

The most conservative estimate says completing Wave 3 could take up to a year to complete. Wave 3 could also extend past the $1,375 price level and start accelerating. But for now, the trade is back up to the previous all-time high. The long-term MACD Histogram shows buying momentum that is just starting to increase again. TSC members should like stock charts with long-term buying momentum and also monitor long-term momentums on all their charts.

Amazon (AMZN)

This is a 5 year monthly candlestick chart for Amazon (AMZN). June 2016, while only 1 trading day old, shows buying momentum that is starting to decrease. Something to monitor as AMZN’s share price reaches for the $1,725 – $1,875 price level.

The $2,200 price level appears to be a longer-term price target for its share price.

Advanced Micro Devices (AMD)

I previously reported that Advanced Micro Devices had appeared to start a new uptrend. I placed a Fibonacci Extension Tool on this 5 year monthly candlestick chart. The tool was placed on what I believe to be a complete 8 wave cycle from an Elliott Wave perspective. So what happens next? You look to build off the first 8 wave cycle and build another. The 100% and 161.8% Target Lines would be the price targets for the current uptrend.

Could we be talking about a $30 share price for AMD in about a year and a half? It looks very possible. The chart reminds me of MU’s chart when it was rebounding off its lows and starting its uptrend. AMD appears poised for its next leg up.

The red trendline around the $30 price level is a long-term resistance trendline from AMD’s 20 year chart. This uptrend could very well push AMD’s share price up to and above that resistance level.

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