[badcharts]

Hi,

Took a look at FB. Looks like a nice breakdown. Check chart attached. Huge volume on breakdown candle, braek below 30 SMA and horizontal trendline. Pull back on contracting volume.

   

However, a good idea from Isatrader, is to wait for break below Ichimoku green cloud final support line. After that, you have a potential a++ stage 4.

Also, breakdown on monthly candle chart in progress (or at least a top). Next important support is 150, which conincide with weekly Ichimoku cloud final support.

   

It is hard to apply a different framework for exit, if you didn't use it when trade entered. Lot's of "emotional" landmines you can step on.

Hope that helps,

Regards,

Patrick

Hi everyone, i am new to Stage Analysis. For Facebook stock (FB), refer to attached 3 years, weekly chart.

Correct me if i'm wrong, at the moment FB is already in Stage 3 (Top Stage), am i correct?

I bought at price $169, i am wondering should i sell?