[F.A.N.G.] Quick Elliott Wave Look At FB AMZN NFLX GOOGL 2.01.16

FB: Based on the 6 month candlestick chart of FB, it broke into a HUGE upward 3 from the August bottom and highest target could be conservatively 145 or as high as 155 on this breakout move.  Clear cut 1-2-3 with a clear zigzag w2 and breakaway gap W3.

AMZN: AMZN on its earnings got destroyed, and it needs to hold 545 min to prevent a downward C..full downward C would target the 480-500 range if that level breaks…if it can hold and break 622 it can prevent that, but right now the momentum is to that 545 level being tested shortly..

NFLX: [ms-protect-content id=”61,117″] NFLX needs to bounce in a W4 really bad…if it can hit 102.5 in the coming week that would be 382 and would help prevent further downside.

GOOGL: GOOGL is setting up for a pretty large upward 3 if it can take out 780…780 at 786 breaks here it may gap to the 970-1000 range in the coming months in an upward 3..it has a 1-2-3 pattern with a cup and handle W2 and with earnings coming up, it may clear 800 and onward to 1000+ [/ms-protect-content]

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