Ape

FB Has Options.

BATS:FB   FACEBOOK INC
224 4 2
BLUE COUNT
My overall view of FB             , I am short term bullish , long term bearish . There is a clear 5 wave move down from 33.5, and I believe the recent rally from its' all time low can be counted best as a 5-wave a wave. This recent pullback can be called the B-wave due to its nice fibonacci relationship of a .618 retrace of the a-wave. If it were to rally from here in a C-wave then I would initially target 26-28.75. When the waves start to play out, we can have a more accurate target range.

ORANGE COUNT
However, this recent pullback can be counted as an a-wave to the b-wave. If so we can see a 3 wave rise in a b wave to around 22 manner followed by a strong reversal in a c-wave to down near $19.

GREEN COUNT
In the most bullish circumstance, this could possibly be a 1-2 (blue count) set up for a 5 wave a wave that can target as high as $33. This is NOT the primary count for myself, but its something to keep in mind
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out