jmtbernardo

FB Facebook (Inverse Head and Shoulders)

BATS:FB   FACEBOOK INC
296 3 0
Potential upward movement, because the inverse head and shoulders pattern. I see two trends on daily time frame. The longer trend is bearish , and the shorter trend is bullish . I have draw the two necklines, because I m not sure which one is trust worthy. I created this chart to learn more about the head and shoulders bottom pattern, specially the neckline of it. I think if we attain large buying volume , this pattern may be completed. This is just an experiment.
We do not have confirmation yet, the price action needs to break and be above the neckline. Another words, the bodies of the candle sticks have to be above the neckline
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also consider that there is a gap down on 2013-02-04, will be interesting to see how this plays out
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Yes, indeed. Last week, the market created lots of other stocks with gaps as well.
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