Hearing, once again, that $FB can pull off higher prints. And by pressing the like button on the platform we will see 65 before too long. But, what if all you knew about Facebook was what I am showing you in this chart. No candles, no volume, no real historical reference, what do you see? This question and many more are asked and answered 24/7 on TradingView. ...
Jaroslav and Bradley, this is a nice "pattern composition", I thinkg now it is the time to go short again. What do you think?
Facebook has had a tremendous run over the past few weeks. On this chart I have highlighted a pattern that has been propelling this stock forward whether or not this pattern continues I can not say. However, what I can do is point out some key patterns. First off Facebook likes to pullback an average of 6.58% before buyers step in. Second sentiment can be gauged...
Short/Neutral here. No long, except for longer term trend followers.
I will LOAD up at $47 as the 50% FIB has been key. Picked up some puts at $51 for protection.
This is a 30 min chart for FB, where it has shown an increasing wedge. This break in either direction could give 7-10% rally or breakdown.
Always be prepared. If $49.80 breaks, I expect a bounce at $49.41. 23% Fib meets TL
Facebook is overbought in the short term. Earnings announcement end of october could be the trigger for a correction. Short @ 52$ Target @ 42$
Previously on: 2013.09.19 2013.09.13 2013.09.05 2013.08.23 2013.08.02 2013.07.23 2013.07.24 2013.07.29 Price has went past wl-6 as projected and heading towards WL-1 or wl-7 whichever comes first.
green arrows are upgrade days red arrows are downgrade days green flags are Mondays for studying weekend gaps
Previously on 2013.09.19 2013.09.13 2013.09.05 2013.08.23 2013.08.02 2013.07.23 2013.07.24 2013.07.29 We have been stalking Facebook since 2013.07.29 and so far it has behaved textbook fashion staggering upwards and meeting resistance at each warning lines(wl-x). Price has moved beyond the blue channel or frequency as it shifts its play into the...