Wednesday, 24 July 2013

FB - soars in AH on good earnings

Whilst the main market closed with moderate declines, Facebook (FB) soared in early AH trading, on very good earnings. FB closed up 1.3%, but in AH has already hit $31..a gain of around 18%. The moderately bullish trend has turned into a moonshot explosion.


FB, daily


Summary

So, the Facebook has managed to greatly surpass market expectations, and has now seen a hyper-snap in AH trading.

Next key level is the late Jan' high..in the 32.50s.

Considering the 31s have already been hit in AH trading, the 32s look well within range for an early Thursday morning hit.