Friday, October 26, 2012

FB Charts

I closed half of a full size position in FB on the pop higher, I'd consider adding half of that back on a pullback to about break even on the day-yesterday's close.

 FB 15 min longer term chart

 15 min chart up close

 The 1 min chart shows the profit taking and shaking the weak hands loose that we expected in FB, now there's a decent positive divergence from yesterday on

 The 2 min leading positive

 A close look at the 2 min in to today's weakness in price

 The 5 min leading positive from a relative to a leading divergence

A closer look at the 5 min, I'd want to see a little pullback in FB and I'd probably add half of what was closed for now.

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