The divergences on the weekly chart only pulls Facebook back to value, where longs can be established at a good risk/reward ratio. The fact that Facebook just keeps going higher tells me that this stock is strong, and it is a much better idea to have a long, rather than having shorts backed up by those bearish divergences.
I would buy and hold this stock, with a stop under 76$. I would look for more than 100$, but not for the next couple of weeks, I am talking longer term here.
I would buy and hold this stock, with a stop under 76$. I would look for more than 100$, but not for the next couple of weeks, I am talking longer term here.