Monday, December 10, 2012

Facebook


2 comments:

Gaurav Gupta said...

Looks like FB is going up. Dont know what is going to drive the stock up. Bought FB at $19.

Fibocycle said...

The trend is up until FB closes below $25.00 However, be aware of the green circle. The green circle whose radius is based upon the centre of the square (intersection of diagonals) was very close to the June initial low--which is the same price as the current intersection of price/time and the circle...depicted by the yellow stars. It is possible that this configuration could be pinpointing short term pivots--which would suggest that FB recently made a short term pivot high around $28.00