climbing_stars
Short

FB Bearish Crab

NASDAQ:FB   FACEBOOK INC
223 3 1
notes on chart
I am not sure about this.
I very much appreciate the geometric patterns but in this case it looks to me to much indifferent. We just formed new highs above the -how it seemed- resistance(better visible in the daily chart). And your MACDs show renwed buying pressure as well. I better watch out for a clearer picture.
Reply
climbing_stars motleifaul
That's what makes a market is buyers and sellers. We might get a few ticks up. But I am extremely confident in this name going lower. Especially on a weak tape. Buying breakouts works if the market keeps making new highs. But we just recently finished monthly bearish patterns on all indexes. So my belief is we head lower. I wouldn't be chasing up here. But thanks for your opinion and good luck to you.
Reply
motleifaul climbing_stars
A good comment. I won't buy Facebook at moment as well. I have to much respect for the geometry. My doubts are only just prevailing. That's why I wait.
So thanks for the idea. Perhaps we will meet again here.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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