May 10, 2015

 
  • Facebook at 200 SMA, Daily indicators are oversold, This combination may result in a bounce provided stock stays above last weeks low.
  • Weekly chart shows a possible rising wedge. Price if stays below the support line may lead to bigger falls.



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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore