Megaphone Pattern on Facebook
On the daily chart, Facebook appears to be at the upper extremity of a megaphone pattern. It is overbought at present, but also does not have bearish divergence on the RSI nor the MACD. That said, given how parabolic its rise from the March lows has been, I would expect it to correct from here. Yesterday's candle tried to push it above the megaphone and failed, and today's candle ended right up against it. If it begins to falter, I believe this would be a good shorting opportunity.
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