A Tale of Amazon, Microsoft and Intel as of Nov 2, 2018

Long term players do not look at the charts like the active traders. They care much about the trend and the long term averages. Here is a chart of Amazon, Microsoft and Intel with their monthly 12, 24 and 36 period simple moving averages.

Are these long term players concerned?

Hint: Of course they are since the beginning of this year. That’s why we have this sell off.


The more important question: Are they willing to buy these market leaders now?