I am bullish for the start of the week. Price forecasts can be wrong but that was a strong move on Friday.. However, I am not that all blue skies once (smart seller trend comes back)
facts. stock price got hammered. is this another (earnings egg with no value) Or is this a massive correction/comeback for the ages.
Could see short term pullback before a surprise jump in price following gold. this is a Canadian miner like TAHO.
Can continue down but could see a small up move before continuing downtrend... bulls still here.
notes on chart. i also planned my XOM trade with the decline of oil.
Could have a pull back before continuing higher. OR it can just chop higher.
price is simple. is support is strong we can continue uptrend for now...
interesting the Xom news in the air (Investor relations, Sec troubles, Climate etc.) Simple look as doom looms. REMEMBER oil is still in a bear market.
notes on chart following price
simple price lines. and patterns and wave counts.
.. Short term price is heading higher..i repeat it can go higher .... but sorry maybe Moore's law is important. long term outlook. intc forgotten.
long down trend. consolidation before spike. better risk/reward than gold atm.
time for a nice pull back that could turn out to be a lot worse. Keep it simple bros and ladies! trade at your own risk! watch out for earnings surprise and play the time before it.!!!
just my simple thoughts. quick chart :) tp is 98 :) please share your thoughts :) :) :) ( bear claw) why i love fb as a value company butttt... :) just not now