[F.A.N.G.] An Elliott Wave Look At FB AMZN NFLX GOOGL 12.21.15

FB (Facebook) – 618 support for FB is at 104, and if it holds and breaks through 618 resistance at 106, it could rally in a Wave 3 to as high as 114-115 baed on a 1-2-3 move off the lows..a NASDAQ bottom here would help create this move.

AMZN (Amazon) – 618 support for AMZN is far away at 657, but if it can hold that level and break 675, it would setup a 1-2-3 move to as high as 735-745 short term..that would be 1-2-3 up like FB.

NFLX (Netflix) – Trapped in a big zigzag..if it breaks through 115 it may drop in an A = C to as low as 105-107..it’s really close to doing it now, so NASDAQ needs to bottom here.

GOOGL (Google) – 618 support for GOOGL sits at 755..if it can hold that level and break 772, it would setup a W3 to as high as 815-820 short term..it’s a distance away so this scenario combined with as NASDAQ bottom could end up pushing it to that level.

About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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