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adelriosantiago
Dec 29, 2019 3:56 AM

The golden age of Artificial Intelligence and the FANG stocks Long

(META+AMZN+NVDA+GOOG)/4NASDAQ

Description

"AI is an amazing renaissance" says Jeff Bezos.

And this is because behind the scenes Artificial Intelligence has been proving very useful across several industries. It helps NASDAQ:GOOG to provide better searches. It is the backbone of NASDAQ:TSLA's autonomous driving. AI is the reason -to some degree- why these stocks has been rising in the last years.

In this analysis I recommend the FANG (Facebook, Amazon, Nvidia and Google) combo stocks, given that all of them have collected large amounts of data -read "AI fuel"- over the last years.

The FANG/4 chart shows a resistance around 920 and a long-term support at 665. Aggressive investors may jump in the market right now and benefit from a possible break-out of the 920 resistance. Conservative investors should wait until a real break-out is visible or even wait for the possibility of a melt down to the long-term support at 665 or in between around 790.

I expect the price to travel around the yellow polygon in the next years.

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"AI is in a golden age" - Jeff Bezos
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