Will be for a while. Most of the smart shorts got out the positions, and longs just try to hold it tight. The institutions still watching. No fuel to push the stock price up or down much. So considering we have a good day.
agreed. the real pushers are either in holding, or on the sideline waiting a bit. short is not the way to be right now. even as a day trader, i won't short overnight even; toooo effin risky! stoopid news could cause sudden break to the upside, as there are many who "want" the stock to go up, vs those who believe (fundamentally) it should be down. may melt up (or down) from here with the overall market, baring any new catalysts.
Volume decreases on downside of cup handle before stock takes off. So theoretically FB stock is behaving perfectly in a cup and handle formation. Hopefully theory is correct, because we should see the stock run up 5-7 points.