Bearish Flag Setup?
UPDATE: Although it certainly could melt down from here, closing 11-12% profit. No need to be greedy in this manic market.
UPDATE: Throwover and target range still intact. No doubt Twitterers are dumping shares with both hands on anyone who will bid.
A possible bearish flag is forming with a price projection of 40-41. The big banks, brokers, and financial media shills had better work harder to pump this IPO if they don't want a FB on their hands.
UPDATE: Throwover and target range still intact. No doubt Twitterers are dumping shares with both hands on anyone who will bid.
A possible bearish flag is forming with a price projection of 40-41. The big banks, brokers, and financial media shills had better work harder to pump this IPO if they don't want a FB on their hands.
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