FB Upate

Some of you are still long FB in partial or whole positions on a longer term view, so here's an update on the move this a.m. in FB.

First I'm not crazy about these quick parabolic-like moves as you know, but I suppose this is borderline.

There were some hints of improvement in the short term charts yesterday, but they don't stretch out too far, to maintain this move and any subsequent momentum, the longer charts will have to fall in to line which is also difficult to gauge being it's so early in the day.

 1 min since the first negative divergence which caused a consolidation sideways yesterday, note in the late afternoon a positive divergence at the flat area of consolidation and the 1 min chart is in line with price-confirmation.

 The 1 min chart this morning.

 Even though the 2 min chart showed improvement, it's relative position is still not in line, not confirming the move in FB, this will have to change for the move to last.

And the bigger picture 5 min chart, it's moving in the right direction, but not there.

Since these charts were captured, the 1 min remains in line with price, the 2 min hasn't made any real progress at all and the 5 min hasn't changed from where it stands above.

That 2 min chart needs to move up, it already should have by now.