Zak Mir Video special on Facebook, Twitter & Netflix
It would appear that while there may fears in some quarters that the recent stock market rally in the U.S. to record levels is not sustainable, the “new economy2 zone looks to have well & truly decoupled from such trivial matters as fundamental realities… Today we take a look at 3 tech goliath stocks of the moment.
Facebook (NYSE:FB)
Extended rally kickstarted by typical unfilled gap to the upside
Support via 2013 price channel and 50 day moving average
Top of price channel target an implied $68 over the next few weeks
Netflix (NASDAQ:NFLX)
Extended rally kickstarted by typical unfilled gap to the upside – like at Facebook
Support via 2013 price channel and 50 day moving average combination, as in Facebook as well
Top of price channel target towards $400 while support towards $360 holds
Twitter (NASDAQ:TWTR)
Suspicion we are looking at a U shaped pattern and ongoing break higher
Late December flushout and then recovery
Likely $85 target while 20 day moving average / $60 area holds.
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