Impulse Shopping $FB

September 13, 2012

A short-term overbought condition can be easily detected using the Disparity Index DIX that measures the distance in % of the price from a moving average (in this case, a ten-day exponential moving average). Following the gap yesterday we see DIX at a previous peak; time to take a short pause.

The weekly heikin-ashi chart looks far better (see below).

 

Impulse Shopping $FB  9/12/2012

 

 

Impulse Shopping $FB  9/12/2012

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