vlad.adrian
Short

Facebook is breaking

NASDAQ:FB   FACEBOOK INC
274 11 8
I believe that Facebook             finally broke. Even if there will be another rally, I believe it will be small and FB             will go down in the longer run.
Clear divergence on the MACD lines and histogram, combined with false breakouts. The impulse is already red.

Weekly chart here
snapshot
jangseohee
2 years ago
It might spike up to 80 to take as many as short stop loss and then plunge...
Still, its a clear cut sell signal
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vlad.adrian PRO jangseohee
2 years ago
It might... that's why I have been using soft stops for quite some time
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jangseohee
2 years ago
Log scale or arithmetic scale?
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vlad.adrian PRO jangseohee
2 years ago
I don't know what scale I used, but looks like arithmetic
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jangseohee vlad.adrian
2 years ago
ok
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laughlinbrian
2 years ago
The overall market is also in a correction as well.
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jangseohee laughlinbrian
2 years ago
Not yet, according to Stan Weinstein & Victor Sperandeo, All the indices like DJIA, DJTA, NYA, SPX, COMP, RUT have to make a low which is lower than the last low.
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laughlinbrian jangseohee
2 years ago
Oh, I'm not that sophisticated, just seeing mentioned from the Big Picture: http://news.investors.com/investing/big-picture.htm. Like your posts btw.
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jangseohee laughlinbrian
2 years ago
News is out there to confuse investor, technician seldom/never read news :-)
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jangseohee
2 years ago
Buna seara, my teacher/mentor, is the divergence in the linked Class A?
Strong momentum uptrend, with divergence
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vlad.adrian PRO jangseohee
2 years ago
yes, that's a very nice class A
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