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Facebook Update – Monetizing Mobile

Posted by nexvucapital on March 2, 2013

Further to our November post, we would like to again draw people’s attention to Facebook (FB) which seems to be in the lower handle portion of a cup-and-handle formation. One of our major Tech themes this year is ‘Monetizing Mobile’ now that Apple and foes have filled the world with mobile appliances it is time for the software folks to benefit. The issue on this chart, is whether we have seen the low in the handle but the price turn last week off the mid-point in the Bollinger Bands is interesting. Confirmation will be a move up through $32.50.

FB Weekly - March 2 2013

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