Monday, August 20, 2012

FB Update

I'm glad I added to FB today, not because it is up 5.2% today, but because unlike almost everything else in the market, it is a confirmed move, a heathy move and that is one thing interesting about FB, it seems to be immune to general market action.

 Even very short term where you'd think some profit taking would occur, there's good confirmation on the 1 min.

 The same with the 2 min, excellent price/3C confirmation.

 The 3 min also looks good, maybe a slight pullback, but good.

The 15 min chart is the star, I'll look to add the last 1/3rd of the FB full long position (equity) on a pullback.

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