January 24, 2015

The company

Facebook Inc held its initial public offering at initial public offering at $38 a share in February 2012 and began selling stock to the public three months later, reaching a peak market capitalization of $104 billion. Facebook is an online social networking service headquartered in Menlo Park, California. Last closed on 23 January 2015 at $77.83; double of its IPO price, after near three years of listing.

The AB = CD

The AB = CD pattern is one of the simplest to identify in any market, any timeframe, and is the basis of other patterns.  The AB = CD pattern is a leading indicator that provide an approximate point where and when to enter and exit a trade. The AB = CD provides a visual, geometric price or time pattern comprised of three consecutive price swings; AB, BC, and CD.

The Chart

This can be depicting in the following chart.

Facebook Inc, FB January 23, 2015 Daily

See other posts:

1) Facebook – Moses’ US Stock Analysis

2) US Stock Analysis – Facebook Inc Stock Update

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Moses

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