FB Daily Chart
July 10, 2014

Price bounced back inside uptrend channel, shares have traded below the 5MA ($65.15) for the fourth day. Notice the inside bar on daily chart so watch $65.56 and $62.21 to enter long or short, keep in mind that DMI is bearish and strong but price is king all the time and if the bulls take $65.56 DMI wont matter.


April 6, 2014

FB Price breakdown 4.6% friday and finishing the week below Fibonacci support $57.28, there is a gap to fill at $53.53 but robust indicators are showing a wide divergence on DMI with little room to navigate for the bears, I am expecting a bounce to the $60 or a pause to trade between Fib $57.28 and $60

Level to watch is friday's low $56.32, the gap at $53.53 and resiatnce at $57.28

March 20, 2014

Price is trading inside a box forming a head and shoulder pattern, the neck been Fibonacci $66, indicators are bearish and strong with ADX above 20.

February 16, 2014

FB price still strong moving on Fibonacci extensions, Friday price confimed the brakout at Fibonacci $67.10, next resistance is at $69.38. Directionals on DMI are getting close to top and bottom meaning price still have room but a correction or pause is very near.

My target is the top of the uptrend channel (blue) around $70 - $71.50


November 1, 2013


FB price is right at the bottom of the blue uptrend channel ( Fibonacci support $49.40) Robust indicators are bearish, if price can not hold $49.40 them major support is at $45.50. My advice wait until you see a base to enter long on a breakout and DMI crossover for the bulls.

September 24, 2013

$49 Fib is the next resistance and indicators still have room for $50.

September 21, 2013

I read something not long ago about a trader that was playing with a very young cat.  He had a small piece of paper on a string and he was making the cat leap into the air to chase the paper.  While the cat was still in the air, the trader jerked the cat's target so that it changed direction in mid-flight.  The cat twisted while it was in mid-flight in order to catch the piece of paper.  No matter how he changed the direction of the paper, the cat responded.  Traders need the mental flexibility of that cat.  The cat's mind was constantly adapting to whatever the paper did.  As either a trader or investor, when new data is evident that does not fit the previous pattern, you must be flexible enough to adjust. I traded a MACD bearish divergence short term but switched to Bullish 2 days agot at $45.50 breakout, FB is bullish and yes its simple look at the plus directional "v" shape with ADX above 40 and see all the room those directionals have to the top and bottom I am long Nov calls on Facebook. Cheers


September 17, 2013

Price breakdown on a Bearish MACD-histogram and we got a crossover on DEMA 5/21 meaning there is momentum for the bears, I closed my puts yesterday and took 45% profits right at Fibonacci support $42.62 however price breakdown that level too and is heading to $41.86. Remember that Bulls still in control since DMI plus directional is the lead, so be fast if you are shorting this monster bull since it can take over anytime soon


September 3, 2013

Price keeps making higher highs, Heikin Ashi still strong, DMI and MACD are bullish and looks like price is heading to $45.50

McBillion Bulls: Enter Long above $42.50 resistance/exits $45.50, $50 Option traders use Sept 40 Calls at $2.50

McBillion Bears: Enter Short below $40 Resistance/exits $39, $35 Option trader use Sept 42 Puts $1.40


August 26, 2013

Facebook is on fire, heading to $45 Fibonacci resistance, the Fibs between 32 and 45 are 30d 30m reistance for day trade, Indicators are bullish any pullback is a buy.


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