FAANG Stocks Update: Netflix Stumbles, Facebook Wakes Up

The real oddball here is Facebook. Its bullish breakout thrust from late December is just about perfect, and the recent rally has been firm even on bearish days. But, the big gap from late January still weighs on matters... or maybe it doesn't. Traders have had a couple of chances to fill the gap in, but haven't. Maybe it doesn't need to be filled, or maybe not yet. Either way, were it not for the gap, the FB would actually be about perfect. It's not too fast, nor to slow. Also, though not shown above, on the daily chart of Facebook below we can see the stock found support at the 50-day moving average line (purple) to push up and off of en route to a cross back above its 200-day moving average line (green).

(Click on image to enlarge)

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