Browse Symbol Stacks: FB: FB_Weekly_May102015.jpg

FB_Weekly_May102015.jpg

Facebook bounced off support from March on the weekly chart. 

Should that area hold, we'd expect to see a move back up to re-test the all-time high. 

Facebook is still bullish on the weekly/monthly timeframes, and has major support at $70.32

Comments

ammoammo
http://imgur.com/iIYybG8 another way to look at facebook is that it's retracing the upper half of a bell curve , then return to that wide nip supp,drop tothe next wide nip and then retrace the lower half of that bell curve...easy peasy way to spot s/r within wider s/r and play by play of market rotation 
http://i.imgur.com/o8wl1D2.png
Retrieved from http://commentsys.slopeofhope.com/lnk.php?u=http%3A%2F%2Fi.imgur.com%2Fo8wl1D2.png&size=s
5/11/15
moneymiser21moneymiser21
Ammo, I like that volume profile chart you posted with the daily appearance. 
 
It more clearly shows the head & shoulders topping pattern forming. 
 
I just focused on a bunch of weekly charts Sunday to see what there was to see. 5/11/15
SkipperleejonesSkipperleejones
Well my 2 cents is this: I think FB is on its way to $60.00 sooner than later, I actually se a big rising wedge that in the last 4-5 sessions has closed below that support line..... 5/13/15