FACEBOOK(FB)- IS THE TOP IN?
I still remember 18 May 2012 - when FB was first offered on NASDAQ for trading. I was then trading spotFX in a small Kitchen-turned-office-space.
The euphoria surrounding the IPO was simply awesome. I had not traded stocks before, and it wasn’t an instrument I was prepared to even touch.
Witnessing the event on Bloomberg TV via internet was indeed an awesome experience - Charged atmosphere that was.
After 4 months of trading, FB went as high as $45 only to return to around $17/share in September 2012.
Facebook has since not looked back. This beast has just been climbing and climbing -and never looking back.
On Wednesday 7 September, 2016, the stock traded as high as $130.19. ($127.59/share as at time of typing –September 9, 2016)
Technically speaking, the trend is still up, as we continue to see higher lows. That notwithstanding, I notice with a keen interest, the narrowing of the tops and bottoms of price. And that’s very key to watch in anticipating the inevitable reversal. There’s something however, which I’m looking for in calling a top, and that has not yet kicked in.
Follow me, and don’t miss out when I call the top in this beast.
It is worth mentioning here though, some stocks I have lately taken keen interest in following- Apple, Facebook, Alibaba, Twitter and Tesla. Otherwise, I’m mostly trading currencies, and commodities.
Thanks for reading. Trade smart, and live long!
____________________________________________________________________________________________________________________________________________________
Im currently doing trading, full time for a living. And would like you to share in my private funds managment. If you have capital of not less than $50 000USD.
You can send me a mail to moorekapital@gmail.com or PM me for a discussion today!
Otherwise, turn to STRICTLY TRADE CALLS ROOM- www.tradingview.com/chat/ for crispy fresh calls
THANKS FOR "like"
I still remember 18 May 2012 - when FB was first offered on NASDAQ for trading. I was then trading spotFX in a small Kitchen-turned-office-space.
The euphoria surrounding the IPO was simply awesome. I had not traded stocks before, and it wasn’t an instrument I was prepared to even touch.
Witnessing the event on Bloomberg TV via internet was indeed an awesome experience - Charged atmosphere that was.
After 4 months of trading, FB went as high as $45 only to return to around $17/share in September 2012.
Facebook has since not looked back. This beast has just been climbing and climbing -and never looking back.
On Wednesday 7 September, 2016, the stock traded as high as $130.19. ($127.59/share as at time of typing –September 9, 2016)
Technically speaking, the trend is still up, as we continue to see higher lows. That notwithstanding, I notice with a keen interest, the narrowing of the tops and bottoms of price. And that’s very key to watch in anticipating the inevitable reversal. There’s something however, which I’m looking for in calling a top, and that has not yet kicked in.
Follow me, and don’t miss out when I call the top in this beast.
It is worth mentioning here though, some stocks I have lately taken keen interest in following- Apple, Facebook, Alibaba, Twitter and Tesla. Otherwise, I’m mostly trading currencies, and commodities.
Thanks for reading. Trade smart, and live long!
____________________________________________________________________________________________________________________________________________________
Im currently doing trading, full time for a living. And would like you to share in my private funds managment. If you have capital of not less than $50 000USD.
You can send me a mail to moorekapital@gmail.com or PM me for a discussion today!
Otherwise, turn to STRICTLY TRADE CALLS ROOM- www.tradingview.com/chat/ for crispy fresh calls
THANKS FOR "like"
Comment:
126.79 CRITICAL!
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