kungfuguo

FB 6/17/2013

BATS:FB   FACEBOOK INC
244 1 1
FB             - has it hit the bottom yet? Over the course of last month, FB             has lost about 20% in stock price, comparing to XLK             (tech sector in general). In the past few days, FB             stock price has stabilized and has began to trend up. MACD is in the positive territory. However, a careful analysis would suggest that the worst may not be over.

(1) the volume has been fairly low (below average) on the past few days, suggesting that up trending may not persist
(2) note the lower lows on stock price and MACD at the corresponding points as labeled. If we are unable to break the key resistant levels, I would expect continuing down trend that may force us to retest low $20s.

Stay tuned.
Nice commentary
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out