FAANG stocks (Facebook, Amazon, Apple, Netflix & Google) have done extremely well over the past couple of years and the trend all five remains higher.
Below looks at each of these 5 stocks as well as the S&P 500 and the patterns they have created:
As mentioned above the trends on all of the FAANG stocks remains up.
Each of these stocks, as well as the S&P 500, are testing the top of rising channels at each (1).
These are price points that bulls don’t want to see selling pressure getting started, as the top of these channels could come into play as resistance!
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