Facebook ($FB)

[Lloyd W. Coutee]

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

 

[Jamie J.]

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

 

[marcoPolo21]

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

 

[Jamie J.]

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

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.

 

[Lloyd W. Coutee]

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

 

[marcoPolo21]

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.

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

marc

 

[felixbocharov]

Starting from this point we should go lower.

 

[Lloyd W. Coutee]

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

 

[Golden Retriever Trading]

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.

 

[Lloyd W. Coutee]

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