FB Update

Several months ago we saw a small move in FB and although some played it and made some money, it was obvious back then that FB was going to start a larger base, how large was the question. Now after a recent pullback, FB looks like the downside momentum of the pullback is ending and it will continue finishing up the base.

 The FB base

 In yellow was the accumulation from the first FB long that was very successful, this current 4 hr leading positive divergence is even bigger.

 The FB 15 min chart looks good on the pullback toward the bottom of the base and is leading positive.

 A closer look shows the current pullback looks to be ending.

 The intraday charts are looking stronger, the 5 min is in leading positive position.

And the 3 min timeframe, which should bleed in to the longer timeframes, looks excellent right here. If I were considering buying or adding to FB, I would certainly consider this area.