My Thoughts On Facebook
Facebook has had a tremendous run over the past few weeks. On this chart I have highlighted a pattern that has been propelling this stock forward whether or not this pattern continues I can not say. However, what I can do is point out some key patterns. First off Facebook likes to pullback an average of 6.58% before buyers step in. Second sentiment can be gauged using the 15 EMA. Third after price retraces from those pullbacks and break out to new high the stock usually rallies at least 2$ before a significant pullback.
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