Friday 18 May 2012

12pm update - Behold, the FB black doom-candle

There will clearly be many bemused at the apparent lack of a hyper gain for FB at the open. I'm surprised myself, especially after hearing reports of $70s in the European markets.

Main market is weak again. This market need a major EU announcement to give the excuse for a kick out of the down channel.


Sp'60min



Facebook 1min intra-day



FB, daily (yeah...this is an odd chart)


Summary

The giant black doom/fail candle on FB that I expected... and is pretty funny to see.

More later, time for lunch