FANG Earnings Breakouts and Breakdowns Setups
The Facebook, Amazon, Google and Netflix results are in and they produced some fireworks, although not all was positive.
Facebook and Netflix gapped up huge post earnings, while Google and Amazon gapped down big on what were strong earnings.
You might be surprised to hear me say this, but although Google and Amazon gapped down, they are my favorite long plays. That’s because these types of gap downs on strong news tend to be overreactions and great buying opportunities.
In today’s video I show you exactly how to trade these momentum leaders. We’ll take about the earnings breakout and gap down reversal setups. We’ll also review the setup for the one FANG stock I have already entered (trade report members were alerted on Thursday).
Specifically, you will learn:
- How to analyze gap breakouts and exact entry triggers
- How to analyze a gap down and put it on your watchlist
- Assess the over-reaction to news
- Key entry levels
- How to take profits
- Key round number resistance levels.
So watch, learn and let me know what you think!
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