Home » Why AMD, Square, Visa, MasterCard, Facebook, May Fall

Why AMD, Square, Visa, MasterCard, Facebook, May Fall

Why AMD, Square, Visa, MasterCard, Facebook, May Fall


Why AMD, Square, Visa, MasterCard, Facebook, May Fall

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SHARES OF NFLX, V, MA
© 2018 Mott Capital Management, LLC.  Use, publication or reproduction in any media prohibited without the permission of the copyright holder.

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It was a pretty uneventful day for stocks, with the S&P 500 fractionally lower. The trends we have focused on the last few days have not changed much. Amazon is still trending lower, while Netflix continues to consolidate.

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Today’s Video: Looking At Acadia, Micron, AMD, Intel, And Amazon

AMD (AMD)

AMD still has me fascinated, because the stock is holding itself together. But it is clear to me; there is trouble brewing. The stock has now failed two times to retake the uptrend.  Additionally, it is now clear there is a level of resistance at $32.30. It is also clear a downtrend has formed. Next week will be crucial. I still think this stock is going to $29.50 and then even lower. We’ll see.

amd

Square (SQ)

Square continues to go lower too. I noted yesterday the downtrend seems firm, and the stock is likely to go $82.50. Then the stock will need to be re-evaluated.

square, sq

Visa (V)

Look at the beautiful uptrend in Visa. It looks perfect. It is getting to that point, where it probably pulls back soon, maybe a decline to $145.

visa, v

MasterCard (MA)

MasterCard looks nearly the same as Visa, and it too looks set to pull back some, perhaps to around $ 210-ish.

mastercard, ma

Facebook (FB)

Facebook failed yet again at $166. Not a good sign for Facebook. Facebook, fb

That is enough for a Friday. Plenty more to come.

 

-mike

 

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Michael Kramer is the Founder of Mott Capital and the creator of Reading the Markets.

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