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FANG Stocks Overview
November 29 2016 ​( From TradingView  )
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The FANG Stocks (FB, AMZN NFLX, GOOGL) have been extremely popular
within the investment community​. It is belonging to that new technology
sector a la mode and did perform quite well compare to the broad market
indices like the SP500 Index til October 2016.

Let s have a quick technical analysis overlook at the daily (left charts) and
​weekly (right charts) for those four ​​​​​stocks.


​​1) Facebook (FB): Bear
- On a daily basis, Facebook shares broke the Rising Wedge Technical Pattern
​on November 3 and into a Downtrend Channel and the only FANG stock to already tested the 200 DMA (Day Moving Avg-Green Line-See First Chart below - Left)​ 
- On a Weekly basis, broke violently at the end of October 2016 a steep Rising Wedge that started back since March 2014 on Facebook shares. (See Second Chart Below - Right - Blue Trendlines)​​ Facebook is the only FANG stock who broke its Major Weekly Uptrend Support Trendline.

2) Amazon (AMZN): Weak
- On a Daily basis, we did broke the 50 DMA on October 28 (Red Line), retested November 1 and rejected.
​Still into a Daily Downtrend Channel and tested the 20 DMA yesterday. (Yellow Line-See 3rd Chart Below - Left)​​​​
- On a Weekly basis, we did break in October the Resistance of a Huge Rising Wedge Technical Pattern that started back since January 2014 but realize quickly it was a false breakout.(See Fourth Chart Below - Right - Blue Trendlines)​​ Since then, it is trading within a Weekly Downtrend Channel on collapsing trading volume.

3) Netflix (NFLX): Consolidation
- On a Daily basis, Netflix shares was unable to stay long above the previous breakout Trendline ( See Fifth Chart Below - Left - Yellow Trendline)​. Only getting back above it ($122.35 ish) will bring a Bullish Impulse.
​Now in strong skirmish to stay above the old Uptrend Channel Trendline ( Grey - Ellipse)
- On a Weekly Basis, Netflix shares are now near testing an old breakout Trendline (See Sixth Chart Below - Right - Top Blue Trendline)​​ and still into a Weekly Downtrend Channel.

4) Google - Alphabet ( GOOGL): Dead Cat Bounce
​- On a Daily basis, after a false breakout signal on October 25 2016, started a correction and rebounded at the 200 DMA which is quite good. Now into a dead cat bounce into a Daily Uptrend Channel.​​​ The only stock within the FANG who tested the 50 DMA on the downside ( Day Moving Average).
(See Seventh Chart Below - Left - Red Line)​
- On a Weekly basis,​ Alphabet still into a Rising Wedge Technical Pattern.(See Eight Chart Below - Right - Blue Trendlines).​

As investors poured a lot of money into those FANG stocks, they have been well rewarded​​ in term of performance til October 2016. The Trumpification of Financial Markets bring all of the FANG stocks to underperform the SP500 Index since the US Election. Surprinsingly, momentum stocks like FANG were the poor performers but small capitalization did quite well...

​Going forward and looking at the charts, on a daily basis, only Alphabet (who is into a dead cat bounce phase) look stronger than the others and Facebook is the Weakest.On a Weekly basis, Facebook is into a breakdown mode, Netflix in Consolidation and Alphabet in a Rebound.​​​ Stay tuned as I keep updating regularly on Twitter...






​​​​​
FANG Stocks Overview ​​​#trading ​​​#investing ​​​#facebook ​​#amazon #netflix #google
Amazon
​( AMZN )
​​( Daily Candles )

Amazon 
​( AMZN  )
​​( Weekly Candles )

Netflix 
​( NFLX )
​​( Daily Candles )

Netflix 
​( NFLX )
​​( Weekly Candles )

Google - Alphabet
​( GOOGL )
​​( Daily Candles )

Google - Alphabet 
​( GOOGL )
​​( Weekly Candles )

Facebook 
​( FB )
​​( Daily Candles )

Facebook
​( FB  )
​​( Weekly Candles )