Facebook ($FB)

feels like a pop from Barrons but will it hold?

 

Boy this one has been a daytraders dream today..... choppy choppy, choppychop. Hmmm.?

Its going up this week. $124 as I type. -vz

 

Looks like this week is going to be boring.

 

I think its going to ride the tide... with a slightly positive beta. I think the general markets are a coiled spring at this point. My thread in Trading where I said "The top is in" last Monday, stood for the week, but I'm thinking a big pop north is looming (broader market-wise). FB is the best play in tech. For the masses that is. $125.50 easy for this week. But who knows. I didn't backtest it lol. Don't know how.

 

$129.....

Mark the post.

Get long this pig. Long term horizon. Best long term tech play out there. fwiw .

 

FB shows strength when ever crude is weak, a rotational algo pattern.

 

Now bulls are in a full control though we inclined to the SS side yesterday's price action gives the Bulls to be in charge. Stay long

 

$FB imminent profit taking. Back to 120 we go.