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  • e_orton e_orton Nov 20, 2012 5:18 PM Flag

    better cover your shorts BEFORE the big tech money rolls INTO FB

    Beginnings of ascending triangle or flag starting to form, if completed in next couple days, a very bullish sign. Since Sept 24th also looks like upside down head and shoulders.
    Add to that 2 huge accumulation(around 230 million share) days in less than a month, bodes well for a big upside move past $24.25 resistance from 10/24. Next resistance after that is at $33.45 from 6/25. So, a 10 point upside move is very possible by year end, on some more good news. Despite all the silly comments on the board about $5 valuations, the charts don't lie...big money is moving into this stock. They must be aware of growing revenues, and new revenue streams that are coming soon. Shorting this stock at this point would be very dangerous.

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