I am a chartist. My goal is to always make money. I am, however, wrong about 5 to 10% of the time.
I will not cover just yet because some of my indicators are showing negative divergence. This means that the stock is moving up, but some indicators are moving down. You cannot have a stock moving up while there is negative divergence. My guess.....it is a temporary move up.
By the way, FB has 2 open gaps at 39.64 and 26.51. Both of those will be filled. Happens 95% of the time.
If intraday means anything FB is in a classic reversal pattern. Someone yesterday posted a beautiful Andrew's Pitchfork chart also. On an ordinary chart, the trend has not been broken. Whoever American Bulls are, they seemed to be right on the money. Today skies are bluer it seems.