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
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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It might... that's why I have been using soft stops for quite some time
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Log scale or arithmetic scale?
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I don't know what scale I used, but looks like arithmetic
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jangseohee vlad.adrian
ok
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The overall market is also in a correction as well.
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jangseohee laughlinbrian
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
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
News is out there to confuse investor, technician seldom/never read news :-)
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Buna seara, my teacher/mentor, is the divergence in the linked Class A?
Strong momentum uptrend, with divergence
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yes, that's a very nice class A
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