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.
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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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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