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BS in Business and Finance 1999. Stock Broker/Financial Advisor out of Undergraduate Degree. Moved into Auditing and now with a Telecommunications Company. Currently pursuing an MS in Accounting and Financial Management Systems. Avid investor in stocks and options. I have no affinity for a... More
  • FB: Up With Earnings 0 comments
    Jan 29, 2013 1:08 PM | about stocks: FB

    Facebook's (NASDAQ:FB) chart has developed a definitive upward trend following 11/14/2012 major lock up expiration. Drawing support and resistance trend lines from that date reveal an upward wedge. A convergence of upper resistance and lower support both trending up. Current price is within the price channel. Look for the price to close down around the low of the day which would be the support line drawn. It should test the upper trend line tomorrow with earnings coming and blow through the resistance I see at $33.03. It won't break $36.66 after earnings tomorrow though. It should trade inbetween $33.03 and $36.66 for awhile.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in FB over the next 72 hours.

    Additional disclosure: Feel free to message me with any quesitons.

    Stocks: FB
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  • Green line on chart is support $30.95, after hours closed was $31.03. Within .08 coincidence? Hardly! Look for upward move before earnings.
    Jan 30, 2013
  • $FB check this out, When this was written the low of the day was around $31.
    Jan 30, 2013
  • $FB great article pre earnings.
    Jan 29, 2013
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