FB, daily
Summary
Underlying pressure remains strongly to the upside, although there can't be that many shorts left to cover now.
We're probably seeing renewed waves of 'chase it higher' buyers...perhaps arguably 'panic buyers', for what is a stock still surrounded by media hysteria.
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As many have noted - even on clown finance TV, as FB moves back to the $38 IPO, there is likely to be increasing waves of selling as the bagholders from May'2012 start to offload for breakevens.
FB remains one to watch...if only for pure entertainment purposes.
