The future of Facebook, Amazon, Netflix and Google parent Alphabet looks somewhat grim — with one major exception, says TradingAnalysis.com founder Todd Gordon.
In fact, it's "fallen away quite sharply" from the broader tech sector in the first half of 2019, he said — with one major exception."Trading Nation."
"If this market stabilizes, which it looks like it could, I might take a shot at Netflix," the technical expert added. "We really need to see that resistance level break out. We need to see a little bit of interest here," he said. "I don't want to just sit on that and wait for the market to break. I want to trade the breakout there. So, watch: The level up around $380 is going to be the go-point in Netflix. And I think Netflix could do it. The rest of the FANG is just not showing it over the last year and a half.
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