FNGS breakoutFNGS looks to have broken out of a nice ascending wedge with some nice cup and saucer type patterns. 2 overhead trend for potential target, lower trend seems more probable since its parallel to the moving averages
Key stats
About MicroSectors FANG ETNs due January 8, 2038
Expense ratio
0.58%
Home page
Inception date
Nov 12, 2019
ISIN
US06368B5049
FNGS is an ETN that provides exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Google [Alphabet Inc.]), as well as other companies that exhibit similar characteristics. Presumably, the index will always include these five companies, an index committee is responsible for selecting the additional names. Eligible stocks must be listed on a US exchange (ADRs are acceptable), classified in the technology or consumer discretionary sectors, and exhibit characteristics of high growth technology and internet/media companies along with meeting minimum market capitalization and liquidity requirements. At least ten stocks must be included in the index, the number of constituents when the note launched so investors can expect a high level of concentration. All holdings are equally weighted, and are rebalanced quarterly.
FANG+ IHS fractal $FNGS FANG+ has a nice inverse head and shoulders fractal set up compared to the last run up. Looks like it may just run up but I could also easily see it pulling back a little in the short term. This index is loaded with all the big tech names so markets will follow it.
Big Tech go Bigly Big League? #TremendousFNGS the concentration of the bigliest 20 or so tech stocks, minus a couple they're randomly missing. But these are the big boys.
Nice little duplicate arrow there
Nice little dirty head and shoulders
In a good channel right now, volume declining, like it usually does in uptrends with the precedi
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