From StockCharts:
Faang Goes Bang! $FB $AAPL $AMZN $NFLX $GOOGL
Big names fell big on Monday. The large tech names tumbled in unison on a miserable Monday in the technology sector.
Facebook got a face wash finishing down 26% from the highs. The 2018 high has the chart looking messy, down a long way from the highs of 2018. The SCTR is leaking substantially and the uptrend in the relative strength is broken. The volumes soared on this down Monday. The PPO has moved back below zero. That's not bullish. The good news is the $160 level looks like potential support.
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GOOGL is now down 21%.
..MUCH MORE
