9/30/2018 - Analyzing Long-Term Trends for FANG Stocks

Long-Term Trends for FANG Stocks

With September coming to a close, what better time to analyze the long-term trends for FANG stocks using monthly candlestick charts. I use monthly candlesticks to analyze and determine the long-term trends, weekly candlesticks to confirm my monthly candlestick analysis, and daily candlesticks to execute the trades from the analysis.

And while I do use monthly charts to identify long-term trends, sometimes they do not contain enough detail to confirm a particular pattern. Weekly charts are best used when trying to identify chart patterns.

That is how I typically use monthly, weekly and daily candlestick charts. With that being said, each of the charts below are 5 year monthly candlestick charts.

And as a quick refresher, here is my previous update for the FANG group of stocks:

"FANG Stock Chart Patterns Reviewed – 7/22/2018"

Facebook (FB)

Back in 2017 I calculated a $209 price target for Facebook's (FB) share price. It finally reached that price target in July before selling off on management comments on increased costs and slowing revenue.

Facebook then had another round of bad news come out last week. Apparently it was hacked and about 50 million user accounts were affected. It will be interesting to see if this bad news causes FB's share price to pull back into the Trading Channel rather than bouncing from the top of it.

Long-Term Trends for FANG Stocks, Facebook (FB)

Facebook's (FB) Share Price Closed Right on Top of the Trading Channel for September 2018

The MACD Histogram saw a spike in selling momentum during September 2018. Significant spikes in the MACD Histogram usually mean one of 2 things:…...

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I review the probable price action for the FANG stocks and the indicators to watch for to confirm the price action. Do you have shares of Facebook (FB), Amazon (AMZN), Netflix (NFLX) or Alphabet (GOOGL) in your portfolio? If so, then this analysis is what you need to know about.

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