FAANGMs - more tech giants joining the break out
Google was the first one to break out to the upside and is leading the rest (our original logic here). We are currently seeing both FB and MSFT break above the consolidation ranges.
These are powerful moves as this entire space has been hated for long, but actually offers value and is not expensive.
Apple is sitting at short term resistance levels here, watch it for a possible break out as well.
AMZN, NFLX and NFLX all remain stuck inside the big range for now.
These are powerful moves as this entire space has been hated for long, but actually offers value and is not expensive.
Apple is sitting at short term resistance levels here, watch it for a possible break out as well.
AMZN, NFLX and NFLX all remain stuck inside the big range for now.
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