Remember FANG? As we Approach Mid-Year, Let's take a Look at Their Respective Technical Set-Ups

From a pattern set up perspective, Inc. (AMZN) and Facebook, Inc. (FB) (in that order) exhibit the most bullish near- and intermediate-term uptrends at the moment.

As long as any weakness in AMZN is contained above or within 699-683 support, the dominant trend will remain up, with near-term upside potential to 750 next.

As for FB, as long as any weakness is contained above 110.50-106.30, it too will remain in a dominant uptrend, which points next to 124.40/70.

Netflix, Inc. (NFLX) is in the middle of nowhere, within a 7-month coil pattern, but let's notice that Google Inc. (GOOG) is testing and probing its up-sloping 200-Day EMA (697.37).

The ability of GOOG to hold above 697.37 will be an encouraging sign it is ripe for a recovery bounce into the 725-730 near-term resistance zone.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!