FB – making a cup without a handle. There are better setups out there than FB at the moment (AAPL, NFLX, BABA, GOOGL, AMZN…) Facebook is a bellwhether tech stock so it’s a good indicator at overall market health, especially for the NASDAQ 100 tech weighted index.
FB – the 50 week moving average represents long term support.
Here’s the weekly chart with a cup pattern and a handle yet to form:
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