Septimus
Long

Possible Bull Pennant

NASDAQ:FB   FACEBOOK INC
39 4 0
A break will occur soon one way or the other. If you think a bull pennant will occur set a target price of around 8.49 higher from where ever the break of the upper support happens, with a stop just bellow the lower support line of the triangle.
We have the break of the upper support. Let's see if it can make it to the price target going forward.
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The upper resistance of the triangle broke as predicted, and now the major resistance point of the pennant has been reached. Stochastic suggests FB is now oversold, but that doesn't mean it won't still go higher. It would be prudent to take some profit now and let the rest ride if you think it can make it to the target of price of around $68. You've made some money, so start paring down your position. Don't turn a win into a loss.
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Septimus Septimus
Correction: I meant Stochastic suggests FB is overbought.
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Nailed It! They should start keeping score on tradingview to see who's advice you can trust, and not just who posts the most. *looks in the direction of Fibline - ahem
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