FB UPDATE

FB outperforming AAPL nearly 4:1 today... The most hated is spanking the most loved? There's probably a lesson there that you needn't put too much effort in to contemplating.

 $20 looks to be the next key level for FB.

 There's plenty of resistance from straight line to wedge to gap resistance which is the toughest, yet it's still outperforming AAPL 4:1.

Again, the $20 area as the next important level, this is obviously a breakout from the wedge.

 FB 1 min intraday today.

 3 min, it has been interesting lately to see how many stocks see huge changes in their divergences from relative to leading or leading to very strong leading all at moves below or above resistance/support. I don't remember a period in which there were so many at such clear levels.

 3 min is actually leading, but I also wanted to show how in line it is with price so I scaled or zoomed the chart closer to price.

 15 min is one of those scenarios in which the character of a divergence changes at a specific move below a support level; from a large relative positive to a leading is fairly common as momentum builds in underlying trade, but the very specific change in divergences exactly at support/resistance moves is something I've noticed in the past, but have never seen as a market wide trend.

 Because FB has limited history, we haven't been able to get enough data for a daily chart, now we have just enough and it's showing it's first daily leading positive divergence, again right around a move below a whole number support area.