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Can the FANG’s Continue to Trend Higher? US Technology Sector Most Sensitive to US-China Trade Agreements….

Jun 28, 2019 (12:33)

by John Knobel

Technical commentary (Daily Chart): FANG Index RSI indicator is bullish having crossed from below its signal line; moving average analysis is bullish since current price is trading above its 4,9 and 18 period moving averages; trend analysis indicates an uptrend since the May 2019 lows as higher tops and bottoms observed on prices; downside support zone spotted between 2430 and 2324; upside resistance 2644 and 2844.

Source: FXGM / Bloomberg

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

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