July 31 2021 Weekend
Social media and FANG stocks have been all the rage. Let's take a look that the best performance for the time being may have peaked in those sectors.
this is the ETF for global social media.. It peaked in February and is now following a pretty well defined downtrend channel.
Investors did not like the AMZN earnings or it was just time for a correction after the giant run up of the last few years.
NFLX
NFLX exhibits the same pattern in a defined downtrend chanel.
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