You know I have been Bearish on Facebook as it has had a puke pattern setup since the “Pro Gap down” in earnings as you can see from a mile away on any chart.
And now look at this resolving weekly candle.
Facebook Weekly
If there was ever a time to invest in FACEBOOK in the last 3 years it is now. If you truly believe in this company and this is a long term investment you buy this now and start averaging in if it goes down.
This is the most substantial pullback FB has had on a weekly basis since the gap and go st $30. The institutions have unloaded and Facebook is bouncing here for sure. I am not buying it here, but I also don’t hold long term in any stock really. But for everyone who is in the Buy and Hold camp of investing, Carpe Diem here.
Published by Hey I'm Snuffles
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