FB Cup and Handles Everywhere Make This a Very Bullish Chart

17 בדצמ׳ 2013

My short term target for Facebook is $59 with the cup and handle on the daily, as you can see from the 15-min chart, this cup and handle is forming which volume confirming giving it a strong chance of breaking to new all time highs, the monthly open interest of 55 calls is concerning as market makers will try to pin the stock below this but with good volume and market strength plus a few more upgrades, this will blow past that resistance