$FB long from institutional standpoint
#facebook #fb 
FB is a strong buy right now. Oversold from a technical standpoint and several deviations down from the average price paid, at the bottom of an established channel, rsi and stochastic crossing up out of oversold, macd beneath the 0 line and will potentially close upside within a few days. Only bad news has come out recently meaning it is out of favor in the eyes of retail, which means banks and HF are accumulating more. Good place to get in super cheap from a relative price.
FB is a strong buy right now. Oversold from a technical standpoint and several deviations down from the average price paid, at the bottom of an established channel, rsi and stochastic crossing up out of oversold, macd beneath the 0 line and will potentially close upside within a few days. Only bad news has come out recently meaning it is out of favor in the eyes of retail, which means banks and HF are accumulating more. Good place to get in super cheap from a relative price. 
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