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 $…....
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