FB Bear pennant?
Updated
Money flow is the same as it was at 11:30 yesterday morning yet we're up $4 today. Without major news, unsustainable. We're looking at completely overbought on the daily, falling outside of the bollinger bands. The market is definitely trying to correct this. As i typed this they pumped it up to 168.40ish lol. Up 2% on a stock with bad news daily because a dude says we may cut rates.
Shareholders want Zuck out. Dudes straight authoritarian and owns enough voting rights to override ALL votes lol. FTC news... This is going up due to possible manipulation in my opinion.
Even the daily MFI shows more money yesterday than today lol.
I'm done lol I may catch a long up if the time frames line up for now and pull out tmrw or thursday who knows. But this makes no sense to go beyond 173ish unless the FTC says we lied fb is good.
I will be getting positions potentially within 72 hours. This is not financial advice.
Shareholders want Zuck out. Dudes straight authoritarian and owns enough voting rights to override ALL votes lol. FTC news... This is going up due to possible manipulation in my opinion.
Even the daily MFI shows more money yesterday than today lol.
I'm done lol I may catch a long up if the time frames line up for now and pull out tmrw or thursday who knows. But this makes no sense to go beyond 173ish unless the FTC says we lied fb is good.
I will be getting positions potentially within 72 hours. This is not financial advice.
Note
November 3, 2016 on the daily there's a VERY similar set up after their earnings. Big gap down, large red candle outside the BB followed by a green candle making up approximately half of the prior day. Some time back in the BB to allow correction to finish before another big drop. (did not use 2018 as that was a huge flash crash and that would be cheating and it follows a few months after the DJIA recovered in July 2016. Keep in mind this was post earnings)Note
Obviously this failed due to the expectation of rate cuts. I can't wait until the economy gets thrashed so these morons get burned.
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