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Stock Pick by RAYJ

FB: Facebook Your Cup Looks Broken

Start trading FB with real money!

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Posted 1593 days ago on 3/14/13

FB will go DOWN
$19.60 on 4/14/13
$165.75 (512.08% from time of market call)

I'm not one who makes market decisions on Fundamentals. I'm an old shool Technician that finds price movement, and the Formations made, to be my guide. And where did everyone get this "Cup & Handle Stuff?' It's usually called a Double Top Formation, or a Scallop, with a Flag or Wedge. I sorry but I always have to laugh when I here this. (HEY CRAMER!) Really though everyone has their opinions, and logos. I look for the Animals. Near term FB will look better above 28.75, and bad under 26.30. Todays pivot for me is 27.17 27.22. RGBTECH (seeking objectives)

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