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Which FANG Names To Hold/Buy, and Which to Avoid (Technically)?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Bottom Line: Facebook, Inc. (FB) and Google Inc. (GOOG) have successfully tested and are trading above their 200-Day EMA's, and at this time are in healthier, technical condition than Amazon.com Inc. (AMZN) and Netflix, Inc. (NFLX). That said, long positions in FB and GOOG can be held as long as their respective 200-Day EMA's are not breached. As for AMZN and NFLX, their 200-Day EMAs represent serious resistance on any upside recovery rally continuation.

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