It's hard to see positive divergences like we have seen in FB and think that the accumulation wasn't premised on inside information, especially when bases are that big. When you consider they buy at the lows and sell some at the highs in a range to bring price back down and then average what they accumulated, it's hard to believe they aren't already at a large profit.
The larger base with accumulation and distribution areas to send price lower, the chart below is the same, just zoomed in on the right side of the chart so you can see the details better.
FB is sent lower with some distribution at the $22.50 area, most accumulation seems to around $20 or so, that's a 10% profit overnight on what must be a huge position.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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