Monthly Archives: October 2015

Facebooking Profits

Whether or not you like us changing the Facebook name into a gerund, we think you’ll appreciate our findings on one of the world’s most recognized and used social media platforms. For almost 3.5 years, Facebook (FB) has been listed on the Nasdaq. Since its debut, this social media stock has appreciated over 120%. And with their earnings release coming up on November 4, we’re sure many will be focusing on this familiar name. We think investors should be paying attention right now.

Looking at the weekly chart, we can see the steady trend Facebook has been in since 2012. We also notice that yesterday’s big move in price carried significance on this timeframe.

Facebook FB weekly

Looking closer at the daily chart and getting tactical, we notice that price has broken out from an area of previous resistance to record new highs. This breakout defines our risk.

Facebook Daily

We’re only interested in being long FB above 98.00. Below that, we’re not interested. Because we like to keep an open mind, we’ll consider going short FB if it breaks down below 98.00. Why? Because from false moves come fast moves. We’re always ready to be on the right side of the trade.

Until next time, enjoy your Facebooking.

Disclaimer: Nothing in this article should be construed as investment advice or a solicitation to buy or sell a security. You invest based on your own decisions.

Mega Pattern On The Dow

A unique pattern on the Dow Jones Industrials Average has been in the works for almost two decades. Developing since the late 90’s, this broadening formation of price is called a megaphone pattern. Just as the pattern suggests, price forms boundaries, that when connected with trend lines, form the shape of a megaphone. We can take […]

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Supply And Demand

Back on September 28th, we took a look at the S&P 500 (SPY) and shared the following with our readers: We anticipate buyers should step in right here and provide a relief rally. If that takes place, any ownership should be sold until new highs are made. 9 trading days and +7% later, here we […]

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