(Click on image to enlarge)
The pack above looks at the “FAANG” stocks (Facebook, Amazon, Apple, Netflix & Google).
The majority of them (FB, AMZN, AAPL, NFLX) are working on breakouts of old resistance, which could be the tops of bullish ascending triangles at each (1).
This pattern leads to upside breakouts around two-thirds of the time.
Should these breakouts succeed, it would send bullish messages to the Nasdaq, which is working on a breakout as well.
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