iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Facebook’s First Quarter, By the Numbers

mausMore visual Q1 stats at Mashable

___________

Now that earnings are out of the way, I’m looking to jump back in $FB. You can make a case for a large cup and handle pattern setting up here that takes this things well over $30.  I’m looking for a breakout on strength, and like the play so long as the stock holds the 50 & 20 day MAs. Here’s a look at the daily chart:

Screen Shot 2013-05-01 at 10.05.47 PM

If you enjoy the content at iBankCoin, please follow us on Twitter