$FB Primed to Bounce
Updated
Facebook 
FB is fundamentally and technically undervalued relative to the market 
QQQ, with a forward p/e of 20 it's cheap for a big growing tech stock. Today's price action formed a bullish hammer candle pattern with the price under the lower Buy Sell Band making for a good long entry. Range Strength indicates the price is non-trending and we're 7.71% below the 50 day MA giving us a good risk/reward for a mean reversion trade.
FB is fundamentally and technically undervalued relative to the market QQQ, with a forward p/e of 20 it's cheap for a big growing tech stock. Today's price action formed a bullish hammer candle pattern with the price under the lower Buy Sell Band making for a good long entry. Range Strength indicates the price is non-trending and we're 7.71% below the 50 day MA giving us a good risk/reward for a mean reversion trade.Comment
The profit target has been hit.Disclaimer
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