Wednesday, November 14, 2012

FB Update

My interpretation here is that in the short term (intraday) FB probably has the capacity to move up a bit higher, but on a longer term chart where we see big money make moves, it looks like they are taking profits out now.

 1 min, as with the earlier update, looks great, very positive, but this is an intraday timeframe only.

The 5 min looks as it should up until today, the recent intraday bounce toward the highs looks like institutional money is taking profits in this area.

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