Strong Bottom Reversal Volume Leading Into Today's Conference Call
Consolidating still, but decent volume action last three days is positive. Wait-n-watch mode till R1 breach
Good volume action last three days, Crossing $81.40 on high volume would be safe buy zone. RSI looking +ve
I am looking to buy FB right now based on the fact that we have a lane divergence (Lower low on price but higher low on the stochastic and we are also set up on the 60 min time frame to rotate to the upside
Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
FB is in limbo heading into earnings at the end of January. Two weeks ago it appeared that FB was heading towards $84 after finding support. However this recent sell off is raising red flags. If the uptrend does not continue, we can easily see FB heading to 76 before reversing course.
Great risk to reward entry here, as TWTR has been consolidating and has found support. My bias is to the upside. Will be a great entry for swing and Position trading. Gap fill awaiting to be filled, Provided the market Keeps grinding higher.
11-7 Lets keep it simple support and resistance zones are clearly defined. Red is resistance, green is support, major and minors shown. Key in on the small red line here. If it can't break over that for shorting that's a good thing, its also the 50 SMA zone. Now look at the pink line. Until this issue can break to the downside there is nothing to talk about,...
10-28 Looking like its building a broadening top to me. So, that all said? For me the "what to watch for" for shorting is? To watch this sell off over the next few days then the bounce (if we see one). IF IF IF that bounce forms a bear channel? Then I salivate on the short side. Think Just when you think its safe to get back into the water (bulls) that's about...
See chart notations, 3 possible bearish targets should market allow selling. Large opening gap marked with yellow ellipse is a high probability target, look for future breaks of trend lines marked on chart which would be earliest signs of bearish bias.
FB Double top trade will be trigger if break and close below 71.23 in strong volume. Then likely target for FB is to be 66.60 (200MA)
Our analysis @ stated in part, "Barring a meltdown in earnings or subscribers, FB will be bought at certain levels in expectation of reaching the 2nd target shown. The short also has its' targets and one has been reached on a shorter time frame at 58. On a shorter time frame, FB is reacting to a long that has its' target above ATH." The 2nd targets on both time...
Make or break time. Can earning support the Tech stocks?
FB is within a smaller rising wedge and a bigger rising wedge. Below average volume on rebound. Though price went up strongly. Short term correction likely before earnings. Risk reward favor short if QQQ drops.