Monday, May 22, 2017

05/19/17 Chart of the Day $FB #Free

Chart of The Day
Consolidation, a period in which stocks build cause and get the majority on the wrong side of the trade, can redistribute energy just as well as big declines. The market has been building cause (consolidating) since early March.

Subscriber Comments

Master traders read the tape to identify opportunities.

Facebook (FB) entered alignment, the agreement of price and force, in 2013. It's been a buy ever since, expect for a short period in 2015 when force diverged from price.

The world loves FB. They'll likely love it when force (blue line) no longer follows price above the zero line. After that, smart money will slow reduce long positions, while the majority, including a lot of money managed indirectly through retirements accounts, continues buying.



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