Chart Of The Week: FAANG Update
The strong downtrend continues across almost every major index, and tech stocks are still taking a beating.
All emotions aside, Hima Reddy stands by with her Chart of the Week focusing on… you guessed it… FAANG Stocks.
These once unstoppable tech powerhouses have not been immune to the larger market decline, and this update shows a bit more of the same.
In fact, the downtrend seems to be in place through the end of the new year according to Hima.
BUT… don’t take our word for it!
Watch the video above for the complete breakdown and to to see what hope (if any)… lies ahead.
Oh! And if you like this video… you’ll also love the playbook below.
Check it out today!
Hima Reddy released a book called The Winning RSI Playbook. The book details how you can use the popular RSI momentum indicator to boost your profits by tossing the traditional overbought/oversold approach and using key zones in the RSI for high value trade setups.
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