MichaelGLamothe
Long

FB breaking out of a base on base pattern

NASDAQ:FB   FACEBOOK INC
65 0 2
FB             is attempting to break out of a base on base pattern this week. After reporting earnings the week of 7/25, it spent the past month consolidating on low volume and within a tight trading range. Compare the length and depth of the current base to that of the immediate prior base. Note that the current base is both shorter and shallower. This is exactly what you want to see in a base on base pattern. The breakout is also coming on heavy volume . Finally, note that the RS             line is hitting fresh highs along with price. All of this makes for constructive action.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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