Tuesday, January 23, 2018 12:32:08 PM
Shares of Facebook (FB) surged higher for the fourth straight day, filling a major gap on the daily stock chart. Gaps, when filled to the upside are major resistance points. While in normal market conditions this would be a strong sell indicator, it will instead more likely be just a small pull back. The minor downside is the gap fill working its magic but the small-ness is due to the euphoric, bullish nature of the stock market. It limits almost all pull backs. Based on the gap fill at $187.85, investors should expect a minor pull back to $184.25.
Gareth Soloway
InTheMoneyStocks
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