BrecherTrading

FB forming a H & S top.

NASDAQ:FB   Facebook, Inc
833 views
0
I know this will be unpopular, but FB is forming a H & S top. A break of 26.50 measures all the way down to 21 -22, where major support appears.

Comments

test
Reply
It would make sense to retest support of the low 20's, if any.
Reply
also, MACD appears to have started to inflect upward which should be bullish - although it still hasn't crossed zero
Reply
For now ascending neckline does not bode well for a target of 21-22. Support just above 25
Reply
BrecherTrading QuantitativeExhaustion
I see what u are saying. Also, if it starts to go up from here, it will look like an upward cup and handle.
Reply
Yeah... kind of a dully noted argument between a bigger picture cup & handle or inverted head and shoulder. Both have the same result.
Reply