Facebook Still Has Strong Support on Social Media

By | August 5, 2014

Facebook (FB) still has very strong support from both Twitter and StockTwits. There is a small negative divergence from StockTwits momentum suggesting that FB will consolidate a little longer, but as long as momentum stays above zero the intermediate term trend should be up. The trend line in momentum needs to hold or the consolidation will probably last longer and be a bit deeper.


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