christopherbrecher

FB forming a H & S top.

NASDAQ:FB   FACEBOOK INC
826 6 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.
test
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It would make sense to retest support of the low 20's, if any.
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also, MACD appears to have started to inflect upward which should be bullish - although it still hasn't crossed zero
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For now ascending neckline does not bode well for a target of 21-22. Support just above 25
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christopherbrecher PRO 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.
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QuantitativeExhaustion christopherbrecher
Yeah... kind of a dully noted argument between a bigger picture cup & handle or inverted head and shoulder. Both have the same result.
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