FXstreet

The vicious tech sell-off this year has hit the once high-flying FAANG stocks (Meta, Apple, Amazon, Netflix and Alphabet) particularly hard, but also created a buying opportunity for investors looking to snap up shares of these Big Tech companies at more attractive valuations, several experts argue.



The weekly chart of Netflix stock broke 200 SMA to below for the bearish breakdown: the chart is trying to cross 210 support level to below for the bearish trend to be continuing. By the way, the price is located in oversold trading area so if it is bounced from the support level to above so the berak market rally will be started.

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