check it out for yourself. perfect cup and handle. plug in 50 day moving av. you will see. be patient. will be worth it
That cup & handle stuff went out 15 years ago along with IBD, the historical rag. Never, never ever look at historical data to form an opinion about future equity prices. Cup & handle history is only for accountants & historians.
FB will be a 100 dollar stock in 2013. Look at projected revenues, earnings & guidance. Forget the historical crud unless you are a charter who believes in the tooth fairy.
A 100? Thats $73.00 in 200 trading days. Projected revs are 6.66 billion and earnings a little over a billion and guidance is for more expense. I am not here to say they wont do well. 100 is so far out of the picture and no one can pump it to that point.
That is real long handle on that cup. This is the third time called and third time failed to make a big move. Even though the C&H pattern on FB is junk, now it is confirmed dead. So lets hang it up.