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Charts: Google Will Likely Outperform Facebook
Google's 14-day RSI shows a bullish divergence.
Tarquin Coe    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Facebook (NASDAQ:FB) continues to be defriended, extending its recent underperformance by dropping 1.6% yesterday (March 17). The MACD indicator has turned down and shows no sign of reversing. The price wants to meet the 50-day exponential moving average over the next week or two, and should that snap, the next level to watch is the 200-day exponential moving average at $50. That latter test would ensure a needed fill of the gap left from the late-January pop.

http://image.minyanville.com/assets/buzzbanter/charts/original/031814/fb_1395143753.png
Click to enlarge

The battle for buddies between Google (NASDAQ:GOOG) and Facebook is likely to go in favor of Google over the next several weeks. Support has been found at the same level as the base, which developed in October last year. Following that bottom, a rotation from Facebook and into Google continued for two months, with the latter rallying over 30%.

With a strong bullish divergence on the 14-day RSI, the rotation has a high probability of repeating.

http://image.minyanville.com/assets/buzzbanter/charts/original/031814/rotation_1395143762.png
Click to enlarge
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No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
More From Tarquin Coe
    Charts: Google Will Likely Outperform Facebook
    Google's 14-day RSI shows a bullish divergence.
    Tarquin Coe    

    This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

    Facebook (NASDAQ:FB) continues to be defriended, extending its recent underperformance by dropping 1.6% yesterday (March 17). The MACD indicator has turned down and shows no sign of reversing. The price wants to meet the 50-day exponential moving average over the next week or two, and should that snap, the next level to watch is the 200-day exponential moving average at $50. That latter test would ensure a needed fill of the gap left from the late-January pop.

    http://image.minyanville.com/assets/buzzbanter/charts/original/031814/fb_1395143753.png
    Click to enlarge

    The battle for buddies between Google (NASDAQ:GOOG) and Facebook is likely to go in favor of Google over the next several weeks. Support has been found at the same level as the base, which developed in October last year. Following that bottom, a rotation from Facebook and into Google continued for two months, with the latter rallying over 30%.

    With a strong bullish divergence on the 14-day RSI, the rotation has a high probability of repeating.

    http://image.minyanville.com/assets/buzzbanter/charts/original/031814/rotation_1395143762.png
    Click to enlarge
    < Previous
    • 1
    Next >
    No positions in stocks mentioned.
    The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

    Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
    More From Tarquin Coe
      Charts: Google Will Likely Outperform Facebook
      Google's 14-day RSI shows a bullish divergence.
      Tarquin Coe    

      This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

      Facebook (NASDAQ:FB) continues to be defriended, extending its recent underperformance by dropping 1.6% yesterday (March 17). The MACD indicator has turned down and shows no sign of reversing. The price wants to meet the 50-day exponential moving average over the next week or two, and should that snap, the next level to watch is the 200-day exponential moving average at $50. That latter test would ensure a needed fill of the gap left from the late-January pop.

      http://image.minyanville.com/assets/buzzbanter/charts/original/031814/fb_1395143753.png
      Click to enlarge

      The battle for buddies between Google (NASDAQ:GOOG) and Facebook is likely to go in favor of Google over the next several weeks. Support has been found at the same level as the base, which developed in October last year. Following that bottom, a rotation from Facebook and into Google continued for two months, with the latter rallying over 30%.

      With a strong bullish divergence on the 14-day RSI, the rotation has a high probability of repeating.

      http://image.minyanville.com/assets/buzzbanter/charts/original/031814/rotation_1395143762.png
      Click to enlarge
      < Previous
      • 1
      Next >
      No positions in stocks mentioned.
      The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

      Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
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