Spofas
Short

FACEBOOK - Momentum weakness

NASDAQ:FB   FACEBOOK INC
Clear momentum weakness on this upswing as demonstrated by this 4/6H divergence on the MACD . Sell sign on the RMI.
If it does get another leg on it and I get stopped, I'll reshort higher.
Stay short next week, you'll be glad you did. Weekly Doji at the top and a daily Doji on Friday. The big news is that $fb is being examined by the IRS. Tax credits taken for tax loss carryforward that are not transferable with a change of ownership, such as the case with the FB IPO. Good Luck.
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