At the Minervini WorkShop I attended last October I met a lot of skilled traders. I have been following the tweets of one of them which have conntained good ideas of stocks to monitor. That is why I focused on ANET. You can follow him yourself @TMLTrader
After a weak market (caused by a trumped up election) when everyone becomes scared to buy anything, I have noticed that people first wade back into the market with the reliable (safe?) big names and dividend payers. After people gain profits and confidence, they move into more speculative stocks. Could that explain why the FANG stocks (FB, AMZN, NFLX, and GOOGL) are coming back to life? (It really does not matter why!)
However, my read of this daily chart, is that FB is not yet out of the woods. FB is still below its flat 30 week (150 day, blue dotted line) average and faces resistance around 123. Will FB get a face lift?
