By Stephen Loke
It seems that companies that provide information and connection to the world wide web is seeing great returns on their investments. Their stock price has gone all the way up. Google is a company that serves the whole world by providing first class search results for their users. Yahoo also currently made new highs and is in a very bullish mode. Baidu is the Chinese version of Google, providing search results to a billion Chinese. Facebook as we all know connects us to our friends and to almost anyone in the world. It has also become a platform to share news and videos and everything under the sun.
We at World's Rich People always believe that "the way to get super rich fast is to provide something that lots of people will use". When you help others you help yourself too.
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A a stock trader, here are my analysis on the future of these 4 companies.
Let's star with Google. Google stock has been on a steady rise over these 2 years. Recently it formed a weekly triangle. Triangles often point to a continuation of the prior trend. If the stock breaks above the triangle, then this will be bullish for Google.
Yahoo stock has also been making new highs recently. It also broke above a monthly downtrendline challenging the highs made in 2005. If the stock moves above it, then it will be bullish for this stock.
Bidu, has shot up quite a lot recently and looks like it is resting and consolidating.
The daily chart below shows BIDU consolidating. The rising 20 MA, 50 MA and 200 MA shows bullishness for this stock. I hope that this stock consolidates for awhile. That will give it time to rest before moving higher.
FB, the world's biggest social media site has been rising and rising.
The daily chart below shows Facebook stock recently rising above the highs in March. This break out forms a new support underneath. The rising 20, 50 and 200 MA is quite bullish for this stock.
Conclusion (For Layman)
This analysis is written on 9/9/2014. Always remember that trading involves risks and there is no certainty in the stock market. Conditions may change so it is best to continually analyze these stocks. For those who are amateurs, always learn before you dip your feet in the stock market.