IvanLabrie
Long

FB: Potential time at mode uptrend in play

NASDAQ:FB   FACEBOOK INC
2 months ago
FB             has traced a 'Time at mode' uptrend signal in the 3-day timeframe, and has also a pending monthly target that needs to be hit during October to validate the long term monthly uptrend momentum here.
It's possible we see this target met during earnings, so being long is the natural thing to do here.
Fundamental valuation isn't good for FB             here, it's expensive, considering earnings yield and free cash flow yield metrics, as well as price to sale ratio to name a few.
If you hold shares you can sell them at higher prices soon, perhaps swap them for a company with better growth prospects like the ones I posted recently.

Good luck,

Ivan Labrie.
2 months ago
Comment:
snapshot


The scale deformed my chart when publishing...this is how it should look. (strange, probably an error)
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