There are two different things. The inverted candle is a reversal signal.
The secondary is when a stock went up huge, the company takes the opportunity to sell.
I did not say the candle will cause the secondary.
And GOOG had a higher price tag...
Maybe when they sell puts tomorrow it will be up 8%.
A couple ways to look at FB chart.
In formed an inverse H&S . head to shoulder is $49.57 - $43.53. So about $6, add $ to $49.57 is about $55.5
$52 is the next resistance..so above $52 the all time high.
Fundamentals for both FB and TWTR are good. We see FB and TWTR logos everywhere...everywhere...Tweet me, talk to me of FB.always here this,,,,,
Bull of the day..as it said...of the day.
Think about it..NOTHING goes up forever even longer term, a stock can be good like GOOG..I mean longer term.
IEP is a goog longer term but can not go up daily. Looks at SPLK WDAY..all announced blowout earnings....it just the law of the market. Mathematically it is impossible to go up daily...Even PCLN. Or DDD SSYS.
To chase. Secondary coming.
CONN has tons of debts and not many shares available. Up 40% in a few days. They will want to take this opportunity to sell.
Look at IEP as an example.
Whenever market is very weak they invited the big BEARS on their show to scare people more.
When that happens...ok 10%. To 20% correction. Then we know it is time to buy.
They show the funds that their guest just recommended and they are ALL underperformed S&P . One fund gained less than 2%. This year.
Well, CNBC really really wants to help investors! A joke.
Are you joking Mytek.
I said take profit..did say hit $150. It did!! Luck!
Then Icahn sold shares..I said wait until does not go down any more, consolidate them buy..
Will go higher. Market is in deep red and these are good stocks.
AAPL. Trying to break that $570..just weak market
Does not matter what market TWTR FB will always needed...for years
SINA still cheap in this space.