vlad.adrian
Long

Facebook - Pushing higher and higher

NASDAQ:FB   FACEBOOK INC
193 4 4
The divergences on the weekly chart only pulls Facebook             back to value, where longs can be established at a good risk/reward ratio. The fact that Facebook             just keeps going higher tells me that this stock is strong, and it is a much better idea to have a long, rather than having shorts backed up by those bearish divergences.

I would buy and hold this stock , with a stop under 76$. I would look for more than 100$, but not for the next couple of weeks, I am talking longer term here.
what do you see in FB for next week?
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As I said on the chart, I am bullish on FB for the coming weeks
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You should look at Chaikin Money flow on a monthly chart, you will notice that it has declined steadily since January. Also it hasn't been able to stay above its 50 day moving average. Good Luck
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A long divergence on a weekly chart will be a smaller divergence on the monthly chart. I do not know exactly how Chaikin Money Flow is calculated, but you are probably talking about the same divergence that I outlined on the weekly chart here.
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