The pack above looks at the “FAANG” stocks (Facebook, Amazon, Apple, Netflix) and Google).
The majority of them – FB, AMZN, AAPL, NFXL – 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.
If these breakouts succeed, it will send bullish messages to the NASDAQ, which is working on a breakout as well.
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