[isatrader]

Facebook moved into Stage 2A last week, and changed the technical attributes score to a maximum 9 out of 9. Volume was very strong on the gap up last week, and has continued to be strong during this week, so this one has potential for a strong Stage 2 run as it fulfills all of the methods key requirements. Attached is the weekly and daily charts.

I highlighted that Facebook was in Stage 2A at the beginning of August and was seeing some good volume come in as well as strong technical attributes.

Today saw it close at a new all time high above the high reached on the IPO of 45, but not by much though, and only on average volume for the day. So although it's cleared resistance and is in a strong Stage 2 advance, it's still really hard to find an entry point currently, as the investor stop loss distance is over 50% away. So thought it was worth highlighting on the watch list.