FB Charts

As many of you know, last time when no one would touch FB and even I didn't like the stock, we had a bunch of solid positive divergences and many of us either made good money or with options made a killing on that move. If you wait until you understand why and don't take a solid signal, you miss the move.

FB, as we have known has been putting together a base 10x larger than the last one, probably even bigger which should support a very strong move, with today's excellent looking charts, I can't see not having FB, but I'm already set.

Here are the charts, sort of a similar theme to many market averages and stocks today, short term intraday charts to peg price in place in a consolidation and longer term charts going nuts with positive divergences.

 FB's Daily base area.

 Recently, other than filling the gap, FB has been in a tight range or what might be considered a boring market, this however, is when we see the strongest institutional underlying trade, when people least expect it and prices are kept very stable for a fill that the institution requires. This is why I always say, "Boring markets are dangerous markets" because they are up to something and if you are lulled in to complacency, you not only get caught off guard, you miss your chance to figure out what is going on and where to position yourself.

 The FB 5 min chart is beautiful since the pullback, especially in the flat range.

 The intraday 1 min chart doesn't have anything exciting, it just has 2 negative divergences to keep FB from moving up, keep FB in the range where it can be accumulated at a lower price with less risk.

 The 15 min also is leading positive in the range, but added a bit today, just short of a new leading positive high.

 The 30 min chart is now leading positive

And today the 60 min chart bumped in to a leading positive position where it has elsewhere been perfectly in line.