After last month’s major retraction in price action, APPLE looks to a bullish corrective trend. Now sitting a 2-month low, the bullish change in trend begins to show on the asset. By viewing the Fibonacci indication, it is seen that the first retraction marker has been passed. This signals to traders for a strong push to raise the price and today in particular is no exception. Traders are advised to look for strong CALL options from 30 minutes to 1 hour.
This month so far has been a mixture of regular movement and indecision for GOOGLE. Current expectations are for continued movement to occur between existing patterns. During the day’s trading volatility is expected to be high and a bearish sentiment is forecasted. Traders are advised to look for PUT options up to 1 hour until the asset reaches the support of 1131.034.
In contrast to other major stocks, Facebook has performed exceedingly well this month. Opening up at an all-time high in February, expectation for this week and today are for a very bullish market, and a new pattern of price action to develop by the end of today. Traders are advised to keep an eye out for a new set of long support and resistance lines to develop today and tomorrow. The asset is current slightly bearish but indications show a sentiment towards further raising the price. Look for PUT options today for about 30 minutes and CALL options on the 1 hour.