A red candle at resistance and a close back in reference channel. Watch for price to correct to top of reference channel 2.
If resistance is broken, near term target is the top of clone 1.
FB approaching very significant resistance. Second last day is (near) dark cloud cover. First high breaks through BB, second high barely does, even though at same level. Bearish divergence with Money Flow. Volume also decreasing.
Heavily shorted and misunderstood. Reminds me of another stock a decade ago, Amazon. Like Amazon, 'the book selling company on the internet', Facebook is defying all odds and share price keeps rising. We do not have much stock price history with FB. What we do have is information. Facebook usertime has stayed steady. This is contrary to the fad claims. Users are...
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...
The EFI is a VOLUME & PRICE based oscillator, it's a good indicator for spotting buying and selling pressure.The look back period will vary depending on how active the security is, the setting is usually set between 3 to 21.Near term target $23.23
