Double bottom potentially forming on day chart. Volume is looking a bit low but if it comes in and confirms the formation its break out should give it the momentum it needs to break out of its pennant shape leading into continuing its up trend
Weekly chart is set up in a bull flag chart pattern. if formation fully plays out look for a 7 dollar move from break out point
small decending triangle on chart. look to push to puts around 45 and 40 on 4/16 have a lot of open interest on it
look for stock to pull in towards moving average line then retest .75 if it can break through then next pt .8
what for ascending triangle to break out. with an initial price target of 3.4
potential flagg pole forming. wait for 24 break and then look to fill in its gap
the weekly chart has a potential flag pole forming with a 15 dollar move
the descending triangle is getting pretty tight. when it breaks out the wedge it should fall and test its support at around 1.3
If you look at the day chart there isn't a single high volume gap that isn't filled. Facbook has been consolidating for about a week now between 255-266. more often then not the consolidation follows the trend that lead into it. this would cause it to push down in price to the 244 support levels. if it breaks that then it will continue to fall and fill its gap...
Given the bearish nature of the market as of late do we get puts expecting this gap to be filled? I say yes yes we do lol