One of the many signs the broader stock market is about to have a significant decline is that former leading stocks are now lagging.
In particular the "FANG" stocks - (FB, AMZN, NFLX, GOOGL).
All of these stocks have been lagging the Nasdaq for at least the last two months.
FB recently had a MACD bearish crossover and the recent bounce had a double top.
The double top is a great zone for a short stop loss. Giving some leeway 124.66 is a good price for a stop loss. Minimum downside is the 90 area.
Mark
In particular the "FANG" stocks - (FB, AMZN, NFLX, GOOGL).
All of these stocks have been lagging the Nasdaq for at least the last two months.
FB recently had a MACD bearish crossover and the recent bounce had a double top.
The double top is a great zone for a short stop loss. Giving some leeway 124.66 is a good price for a stop loss. Minimum downside is the 90 area.
Mark