FB "Cup and Handle Forming"

16 thg 12, 2013

Facebook looks great right now, I have not traded this name before but the clear cup and handle on the daily is a great sign of new highs to come for this stock especially as it gets added to the S&P 500 and 100 indices, the cup has a height of approximately ($6 on the conservative side) giving a target of $60 from here, i expect some profit taking up here at these highs to form the handle with a large leg up on Friday to start the rally