Monday, August 20, 2012

Positive diverenge in FB

FB is exhibiting a nice positive MACD divergence on the daily chart. I like the odds of a test of the 20 level here and would not want to be short the stock right now.

Take care and good luck!

Update: FB ended the day at 20.01, a gain of over 6% from when I pointed it during the course of the day. I hope some of you readers played it!

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