Since my article from the other day covered 1/2 of the FANG trade, I had a request in the Idea Chamber for an update on the other half of the trade. My previous article covered Facebook (the F in FANG) and Alphabet (the G in FANG - only because it used to be called Google).
Today's article will focus on Amazon (the A in FANG) and Netflix (the N in FANG). Facebook's and Google's chart both looked bullish. Let's see if that trend continues while analyzing the A and N in FANG. So let's get started with this Amazon (AMZN) & Netflix (NFLX) stock chart review!
Amazon (AMZN) - Upside Price Targets
Amazon (AMZN) represents the "A" in the FANG acronym. My previous update for Amazon was at the beginning of March 2017. I recommend reading that article first to refresh the expectations that were developed in that article for AMZN's share price.
"3/6/2017 – Amazon (AMZN) Stock Chart Review"
Ok, now that you're back from reading the previous Amazon (AMZN) article, its time to get an update on bullish scenarios #1 and #2. This 5 year monthly candlestick chart for AMZN with 3 different Fibonacci Extension Tools overlaid on it. The green tool is the shortest-term of the 3 tools.
With a long-term MACD Histogram that reflects an increase in buying momentum and decent buying volume over the last 3 months, …………..
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would like to see a TSLA review as I think it’s valuation is getting crazy
I’ll post an update on TSLA tomorrow
NFLX just reached my $180 price target mentioned above in post market hours tonight after their earnings report…is there more room to run?