Internet Stocks

Here are the charts and our commentary for internet related stocks:

AAPL - Apple Daily Chart
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AAPL - Is Apple forming a new base?

On the chart we see the tech giant finding support at the 21-week moving average (blue line). If this support holds we may be seeing the formation of an ascending triangle continuation pattern.
breaking-news-Blue-Apron-IPO
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IPO alert for Tuesday - BLUE APRON (APRN) $15-$17 a share.

Blue Apron is set to IPO late Tuesday and begin trading on Wednesday. Blue Apron operates a fresh food & recipe delivery service for home meal prep. in the...
SNAP-Snapchat-Daily-Chart
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SNAP - Snapchat Stock - Bearish pennant forming

We're still holding our short from the neckline break of support as indicated on the chart. SNAP now looks to have formed a bearish pennant...
ORCL- Oracle - Daily Chart
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ORCL - Gap up of 10%+ on Oracle today.

ORCL - Oracle Daily Chart. A gap up of 10%+ on Oracle today. We sold yesterday due to the bar ending weaker than we liked. such is the case sometimes.
ORCL - Oracle 4 Hour Chart
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ORCL - another attempt at a breakout.

Yesterday Oracle broke out only to retreat back into the consolidation area as volume was lacking to sustain the advance. Can the tech multinational move out for real today..?
ORCL- Oracle Daily Chart
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ORCL - A breakout and then a retreat back into the base today on Oracle ORCL.

A breakout and then a retreat back into the base today on Oracle ORCL. Volume wan't quite there today for the tech giant - at only 42% above daily average...
ORCL - Oracle Weekly Chart
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ORCL - buy point over 46.12

A buy point over 46.12 on good volume should propel the tech giant to new all time highs. Volume for the breakout should be at least 50% more than the daily...
FTNT - Fortinet Weekly Chart
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FTNT - Fortinet - pulled back in the base at support

has pulled back in the base and found support at the 50-week MA. Will it stablize here and attempt a second breakout? Fortinet is a cybersecurity software...
SNAP - Snapchat Daily Chart
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Update on SNAP - Snapchat lower. Target 14...

SNAP - Snapchat even lower. Could see the 14 mark by our measured target estimates. Here's the daily chart for the beleaguered social media IPO...
FB - Facebook Daily Chart
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FB - Facebook below the 50-day moving average.

Facebook has some neg. div. on some technical indicators, and now below the 50-day moving average. We've heard talk of anti-trust legislation for FB, GOOGL, AMZN...
PFPT - Proofpoint Weekly Chart
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Proofpoint - holding on to gains after recent triangle breakout

PFPT is holding on to its gains after a recent triangle breakout and is still within breakout range. Of note is the big volume buying at support before the breakout 5 weeks ago.
AAPL - Apple Daily Chart
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Apple is trading below the 50-day moving average

Apple is trading below the 50-day moving average, but recovering to close near the range's high. Market pundits seem to get alarmed by such moves. This is not really...

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