darcy kincaid

FB All time high update

NASDAQ:FB   FACEBOOK INC
190 1 2
Our original analysis
Facebook at make or break technical level
on 9/10/2012 stated in part ;
" We have never been a fan of Facebook's fundamental business model.
When GS             bought a sizable stake pre-IPO, we correctly predicted that GS's target would be a doubling of their investment by the IPO             date and that they would most likely liquidate enough of their stock during the IPO             to effectively break even on their investment. According to subsequent news reports, this is what occurred.

So that brings us to the question of what will GS             and other remaining underwriters of the IPO             do to wring the maximum from their remaining position. Never underestimate their ability to pump and dump any stock if they truly desire to do so.
The technical aspects of the chart are very clear, it's make or break for FB             .
On a positive note, there is always the possibility that some fundamental change will occur in their business model that produces sustainable profit streams from the platform."
Though still not a fan of FB             , it has indeed produced profits due to a change in their business model and the market has responded as expected under such circumstances.
As the chart clearly shows, FB             has not reached the all important 2nd target for the long entry and is reacting to a sizable short. Also in evidence is the formation of a possible classic H&S. Time will tell if it holds or not. Still the long trade has netted a move of some $54 since first identified.
Barring a meltdown in earnings or subscribers, FB             will be bought at certain levels in expectation of reaching the 2nd target shown. The short also has its' targets and one has been reached on a shorter time frame at 58.
On a shorter time frame, FB             is reacting to a long that has its' target above ATH             .
If FB             can pullback to the 43-45 level, FB             bulls will consider it a godsend and will buy heavily.
Long entry shown on chart with 1st and 2nd targets.
darcykinc@gmail.com
FB Reaches all important Long 2nd target on LT and ST time frame. $25 move in stock. Updated analysis coming...
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out