FB has had a rocky ride after the whole scandal and since then the price has stabilized. It seems that people still have great confidence in FB and Instagram as we can see from the price climbing up
Yesterday the price has broken out from a consolidation box and we will look to see if FB can reach new highs
Let us recapped what we have wrote before :-
1. 200MA has tested it strong support.
2. There is a resistance and support within the 50EMA and 200MA, and that caused SPY bouncing zigzag in between.
3. The Ideal momentum is when it creates Higher High + Higher Low Candles consecutively. This bullish momentum will break the 50EMA (resistance) and change it to ...
AAPL has gone up a ton in the recent days especially after the news that Buffet has been stocking up his position.
However it seems that now it is a bit overbought and with the bearish pin formation, this could be a good short setup as well