Thursday, May 30, 2013

Facebook (stock FB) seems to have turned around today- Island Reversal signal

Facebook (stock FB) seems to have turned around today- Island Reversal signal
Yesterday, FB stock had a downgap and a very bearish day. Today there is a positive gap and very bullish mood. As you can see on the daily chart, there are two gaps which makes this a nice island reversal.
Island Reversal


Conclusin: To be bullish with a stoploss at yesterday's low. Or at yesterday's high.

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