docwesley90

FB, three drivers, AB=CD, and three patterns!

NASDAQ:FB   FACEBOOK INC
28 5 0
Notes on chart.
Well that is why I have 2 short entry triggers...although the first one I will be much more careful with...now I could enter here short, there is a bearish divergence but I think the Stochs need to get a little higher for me to enter without one of the two scenarios I posted playing out.
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FDNYret docwesley90
I think the Aroon up indicator is a great indicator. When the Aroon up hit 100 it is a great place to short FB. It hit 100 on Thursday. Cover when the Aroon up hits 0, you can also confirm a bottom with the Aroon down being at 100 while the Aroon up is at 0. Short FB ASAP and you'll be glad that you did. I published this on here earlier today. The Aroon up gave a sell on 3/24 when Fb was at its all time high and on March 22 with Fb above $84. Expect FB to drop 7-11% in about 15 days from here. A great short opportunity now. Good Luck
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Honestly I really only pay attention to price, BUT, the point of this post was for short entries :)
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FDNYret docwesley90
Well as far as short entries, you are not likely to see $88. As a matter of fact $83.19 was the best short entry that you'll see imho. Fb bumped into $83 a few times over this month and resistance was shown there. I expect FB to trade between $77.37 and $74.03 in 15 trading days based on my technical work. If the news about the FB IRS audit comes out, you will see FB trading below the IPO price imho. Short FB ASAP. Good Luck
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You should read Facebooks last 10K filing. They state that their tax returns are being examined (audited) by the IRS. It seems that Billions of dollars in tax credits that FB used over the last 3 years will be denied. The tax credits from a tax loss carryforward are not transferable when there is a change in ownership of greater than 50%, as there was when $FB went public. This information is hidden well in notes to financial statements in the income tax section. Short Facbook. Good Luck
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