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Thursday, March 19, 2015 1:26:03 PM
Facebook (FB) Breaks Out Above A Nine Month Consolidation
By Greg Schnell
* March 19, 2015
Facebook (FB) has been holding growth investors at bay for nine months. In a world where patience is added or removed, its been part of the Facebook story for 3 seasons. As we roll into spring this weekend, Facebook is popping up like crocuses in the Netherlands.
These bases are very welcome on a high growth stock and are traditionally good entry points. Don't forget to plan the trade.
With spring on our door, the Keukenhof gardens open in Holland tomorrow! Perhaps the flowers will bring a smile as big as the one on investors faces with the new highs in the stock. Did you notice the Dutch flag colours on the MACD?
Good trading,
Greg Schnell, CMT
http://stockcharts.com/articles/dont_ignore_this_chart/2015/03/facebook-fb-breaks-out-above-a-nine-month-consolidation.html
George.
Click on "In reply to", for Authors past commentaries.
By Greg Schnell
* March 19, 2015
Facebook (FB) has been holding growth investors at bay for nine months. In a world where patience is added or removed, its been part of the Facebook story for 3 seasons. As we roll into spring this weekend, Facebook is popping up like crocuses in the Netherlands.
These bases are very welcome on a high growth stock and are traditionally good entry points. Don't forget to plan the trade.
With spring on our door, the Keukenhof gardens open in Holland tomorrow! Perhaps the flowers will bring a smile as big as the one on investors faces with the new highs in the stock. Did you notice the Dutch flag colours on the MACD?
Good trading,
Greg Schnell, CMT
http://stockcharts.com/articles/dont_ignore_this_chart/2015/03/facebook-fb-breaks-out-above-a-nine-month-consolidation.html
George.
Click on "In reply to", for Authors past commentaries.
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
gtsourdinis
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