Facebook ($FB)

$FB chart attached w notes next strong overhead resistance is $110.65 provided that market pushes higher from here

 

Not as strong growth as we would like. But next week FB should definitely break 108.

 

also,
i think we may be waiting for the overall market to show some strength,
looking at the 2 & 5 year charts for SPY

[we're down close to 9%, off market highs]

some might even say, the 10 year chart looks like a cliff, we could fall off at any time

http://finance.yahoo.com/echarts?s=SPY+Interactive#{"range":"10y","allowChartStacking":true}

marc

 

I don't mind to see a bit of strength of the market in the nearest future. But anyway FB is a long term without a doubt.

 

watch closing at $106.70 if it loses this level next support will be $103.95. Bears need to prove break below $103.95 before NSS arrives

 

.
if i understand you correctly - i also like FB longer term

marc

 

Starting from this point we should go lower.

 

was not strong enough yesterday compared to market gains but still bulls have enjoyed controlling the field regardless of bear's relentless attack

 

I pretty much agree with Lloyd. I did a video on trades I did and why I was short Facebook and why I got out.

 

Facebook tops 3M advertisers (more than 20x as many as Twitter)