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


FB: Despite today’s big drop in the indices FB is raging higher…highest 1.618 target on the 6 month chart is as high as 145-150 so there’s a long way to go here.

AMZN: A = C or downward 3 would break 540 to the downside and setup a move to the low 500’s at worst..the gap down recently on earnings is a real nasty momentum breaker and downside momentum is pretty much the clear path.

NFLX: Could be 5 waves down in NFLX complete, so the best case scenario is a full 618 reversal..target could be as high as 110 on a 618 reversal.

GOOGL: Broke 800 with no problem on earnings..momentum on a 1.618 would be 980-1000

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."