$FB chart looks like it is making higher low if we can get a bounce from here.
Take a look at the daily chart below:
The over all trend is still up and a bounce may be in the card.
I bought $FB looking for a resumption of the uptrend to take out the high @ $32.51 established in Jan 28th.
My 2 cents.
Comments »1st storm: Is Facebook Home a Threat to Google?
2nd storm: Google, Microsoft Being Disrupted by Mobile Apps: Pro
3rd storm: Buy Signal: Facebook Widens Data Targeting
4th storm: See weekly $FB chart below:
We have a strong bullish bar last week near support, two momentum indicators turning the corners to the upside.
Need me to say more?
I doubled down on $FB this morning.
My 2 cents.
Comments »That’s right! If you have an Android phone, you can now install Facebook on your home screen and you will have Facebook facing you everyday. Wow! Isn’t that fantastic?
Yes! Yes! It is absolutely fantastic because the stock price has been going up. With regard to the Android Facebook home screen, I leave it to you to decide.
Take a look at the 10m $FB chart below:
Isn’t that a beauty? Although I had a close call of almost getting stop out at breakeven. Thanks goodness price never got to my stop. Whew! However, when $FB started to bounce near my stop, I added some more. I also added more when it got to the high $26.xx area.
Below is the daily chart.
Notice that the 5m moving average line is going to be crossing the 15m moving average line. This is confirmation of a bottom here. At least, it improves the statistical significance of a bottom being formed.
My 2 cents.
Comments »I tried to buy back $FB after I dumped it this morning because of the gap-down open; but the retracement never came. So, I did what anyone who wanted in do; buy at the market just to get in for the starter position.
Take a look at the 15m $FB chart below:
I had a buy order at $25.50 and it was completely ignored ’cause price just kept going up. The rally is very strong and this could be a catalyst for the bounce back up to the $30.xx range.
Take a look at the massive bullish engulfment bar in the daily chart right now:
It cut through the 5 moving average and broke thru the high of the last four days. I just added more $FB because price kept going up.
A special thanks to Sooz who alerted me of $FB last week which I added to my “to watch” list.
My 2 cents.
Comments »
Look at the daily $FB chart below.
Today is an up day after landing on the support zone. When I see price action acting positive on a support zone after a downtrend, I consider it a low risk trade in trading a bottom. I buy with a stop below the day low which often gives me a low risk trade.
Needless to day, I bought a starter position on $FB with a stop below intra-day low.
My 2 cents.
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