123Tom's TA study group

[123tom]

Facebook internal drama continues.

Hidden stories wait for the future to unfold.

sliding along the 200ma
Currently the chart slides sideways,along the 200ma, just below the next layer of resistance danger overhead. even a bounce to test 200 is not safe. "safety" is above 200, needs to retest 220 and the bullish target is more like 230. Otherwise this 195-185 shoulder zone is a technical danger zone.

The passage of time doesn't help FB,if there is bad news coming. and if bad news is coming, this chart picture is a resistance shoulder danger zone at 200-180 area.

What good news FB could generate these days needs to show in the price action with a big rally to retest the 2.18 top and surpass it. will this happen in the coming month or two?