As broad weakness is filtering through right now, there may be an opportunity for those interested in FB. VERY short term we may be able to get a bit of backing and filling in to the gap, I feel fine if that happens because it offers a solid entry point as the underlying trade continues to develop well today.
I can't say for sure we'll get the chance, but there is a gap and a 1 min divergence so the chances are decent to let this trade come to you.
The 1 min chart is the only one with some weakness, this is an intraday timeframe so a pullback would make some sense as something to look for. We have to then decide if we want to buy the pullback, I don't have any problem with it, I actually see an opportunity there based on how other more important charts have progressed just today alone, not to mention the bigger picture.
2 min is in line which is fine.
3 min is leading positive
5 min leading positive and most of this was added today!
10 min leading positive
And a sharp leading positive divergence on a 15 min chart this quickly.
I'd set price alerts and consider FB if you can pick it up around the gap, there's no guarantee, but it's worth keeping on the radar for consideration.
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