FB Update – September 14, 2017 …

FB has been in a 34-bar sideways consolidation since gapping higher last earnings reporting date … the daily trend strength histogram has pulled back into the Chop Zone, but the trend indicator has actually flipped to the downside here today.

FB – Daily Chart

FB – 195 Minute Chart

Does every large institution have a full-up long position in FB?  If there are no new buyers, then any incremental seller has the potential to start a new short-term trend in the stock.

Bottom Line – When everyone owns a stock, you have to be on the look out for when the music stops and be sure that you have a chair picked out to sit down on.

Cheers … Leaf_West