2/13/2017: FANG update

First is netflix (NFLX). The stock price of netflix still move up relentless recently. Today the stock price showed some weakness by selling off at the high of the day and close at the low of the day. The possible next move within next several trading sessions will be characterized as following:

• On 2/9/2017, the price break out the box [137.5, 142.5], the upside measured move target is around $147.5
• The current right on the rising wedge lower trend line, if it hold, the price may climb within the wedge and toward $147.5
• if the price does not hold the lower trend line of rising wedge, it may comes to $142.5 support and touch another the lower trend line of lower rising wedge, then move back up  

http://schrts.co/1miYZo

Second let's look at Amazon (AMZN). The small top trend line was formed. If the price can break it out, the measured target move is around $880 (a nice Chinese style lucky number).

• 3 support levels need to be watched $827.5, $820, $800
• Take these 3 support as buy entries (if you do not have the shares yet)

http://schrts.co/0EgP6Z