FAANG is an acronym that stands for five major, highly successful U.S. tech companies: Meta (formerly Facebook), Amazon, Apple, Netflix, and Google.
FAANG stocks' performance has a substantial effect on the overall market and comprises 15% of the S&P500 Index SP:SPX .
If you follow the financial or business news, you may have seen or heard the term FAANG...
FAANG's Bullish Banner:FAANG's Falling Flag Sets for 5780
1.Price Formation: The price has broken out from a FALLING FLAG price formation on a daily chart.
2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating bullish momentum.
3.200-day Moving Average is below the Price.
4.Thus, Mas 7>21>200
5.Relative...
FAANG made a big 76 low. When this happened, this became a critical break level for FAANG - however, it did not break. Instead it rallied and then held the 61. This may have been signs of the end of the downtrend in FAANG, for now at least.
Still unsure if this would be more likely to be a new high of just a 76 retracement of the drop/double top style move. But...
As per the classic rules of a trend holding 76 retracements, if FAANG were to break again we'd have a failure of the FANNG uptrend. FANNG would have crossed the level where a correction becomes a reversal.
Very critical level.
Low could be in, from a more optimistic stance. 76s are common levels for lows. However, I think we probably should have made a low...
Traders and Investors, FAANG index has reached an FCP zone which is also a previous structure level. This can create a good bounce up (BULL) opportunity for all FAANG stocks.
Facebook (Meta)
Apple
Amazon
Netflix
Google
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Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on...
Publishing a follow up to the FAANG index. Expecting it to continue having a few traps on its way to the 3100-3200 range
Unfortunately, the previous idea tracking a collection of FAANG + other major stocks was ruined due to stock splits and what not, but general idea remains the same.
Until the fed reigns in the reverse repo operations, that's > $2 trillion...
Although I biased bearish for the past year, the markets are clearly oversold and, furthermore, appear to be showing consolidative pattersn.
FAANG index is also showing bullish consolidation.
We have a falling wedge and a strong bullish RSI convergence.
I believe the recent downturn was also an ABC move.
So, in short, although we are down a lot, we have a...
QQQ and NDX bouncing with help of FAANG stocks. Only to fail again.
Regression Channel with bands of +3/-3 standard deviations on daily FAANG chart spanning the entire uptrend from the pandemic lows,
The chart illustrates a Normal Distri SPARKS:FAANG bution of prices with 95% or more of the price occurrences happening - as they should - within the Comfort Zone,...
Price is near buy entry price of 4513.89 in line with 50% Fibonacci retracement . Price can potentially bounce from this level to the take profit level of 4868.38 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection . Our bullish bias is supported by technical indicator.
Any opinions, news, research, analyses, prices, other information, or links...
Price is near buy entry price of 4513.89 in line with 50% Fibonacci retracement. Price can potentially bounce from this level to the take profit level of 4868.38 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is supported by technical indicator.
Any opinions, news, research, analyses, prices, other information, or links...
Price is near buy entry level of 4619.72 in line with 38.2% Fibonacci retracement. Price can potentially bounce to the take profit level of 5012.95 in line with 61.8% Fibonacci retracement. Our bullish bias is supported by technical indicators.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this...
Price is trading in a descending channel and near buy entry level of 4609.60 in line with 38.2% Fibonacci retracement . Price can potentially go to the take profit level of 5005.16 in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement . Our bullish bias is supported by technical indicators.
Any opinions, news, research, analyses, prices, other...
Price is trading in a descending channel and near buy entry level of 4609.60 in line with 38.2% Fibonacci retracement. Price can potentially go to the take profit level of 5005.16 in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement. Our bullish bias is supported by technical indicators.
Any opinions, news, research, analyses, prices, other...
Price is near buy entry level of 4734.49 in line with 38.2% Fibonacci retracement. Price can potentially go to the take profit level of 5008.63 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is supported by technical indicators.
Any opinions, news, research, analyses, prices, other information, or links to third-party...
Price is near buy entry level of 4674.52 in line with 23.6% Fibonacci retracement. Price can potentially go to the take profit level of 5016.44 in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement. Our bullish bias is supported by technical indicators.
Any opinions, news, research, analyses, prices, other information, or links to third-party...
The above chart show's the daily time frame of FXCM's FAANG Basket. We are using a triple EMA system to assess trend. The short-term green EMA > intermediate orange EMA and the intermediate orange EMA> the slow red EMA (blue rectangle). We note that NFLX reported last week and that the rest of the FAANGs (FB, AAPL, AMZN, GOOG) will report this week. Following...
The analysis are pre described from supply and demand zones plus Liquidity as we know that no zone is simply breaked we need liquidity to break the zones. short sentiments are expected at the previous supply zone. this will come as a result of asserts such as nasdaq retesting the current demand
