FB Steadily grinding higher.

FB seemed to be the most hated stock, the sentiment around the stock was very sour, yet we noticed something in FB which has sent it up 9% since, I don't know about all member positions, but I know a few have made over 40% with Calls.

Here's the update for the FB long position.

 Although I prefer a bit wider stop, there's not enough history to go beyond the 60 min Trend Channel, which is a proprietary indicator (the first I won an award for) that tracks the recent volatility in a stock and creates a channel that defines 'normal behavior". Several days ago the stop was below $26, it has now moved up to $27.20 and has held several consolidations without triggering any stop outs on the spec. long.

 The 1 min chart shows the head fake move to the left above the triangle which we expected and predicted before it happened, now we have a leading positive divergence this a.m. on the 1 min.

 The 2 min shows the same features and is leading positive.

 The 15 min has been leading positive for some time and these longer term charts suggest quite a bit more upside for FB.

Here's the 30 min in a leading positive divergence.  I have some speculative July calls in FB in the green, I intend to hold them unless something changes, but I suspect FB is on the verge of an upside breakout and short squeeze. For now, the indicators have done a good job of keeping us in the trade.