FANG is on the move again
|Facebook, Inc. (FB) is making a run at taking out the upper-coil digestion boundary at 122.50-123.00, which if hurdled and sustained, will project follow-through upside potential to 126.80-127.20.
Amazon.com, Inc. (AMZN), Netflix, Inc. (NFLX), and Alphabet Inc. (GOOG) all are trading above their 50-Day EMA's now, and are accelerating up and away from their 200-Day EMA's, both of which are very-positive technical condition that will propel the PowerShares QQQ ETF (QQQ) into higher, all-time high territory projected next into the 124.00 area (121.40 last).
NFLX is by far the most dynamic and explosive pattern, followed by AMZN, which points towards a test of its significant breakdown zone at 800-810.
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