I was very pleased to be invited by Jim Cramer to be on Mad Money to kick-off “Chart Week” last Monday. It was a great experience.
We talked about the Facebook (FB) chart and how it was in a primary uptrend and looked poised to move even higher over the short term. That day the stock had broken out of a flag pattern and was trading around $90.00, but the pattern projected a target to the $95.00 level, an additional $5.00 or another 5.5% in the near term. Surprisingly, that number was hit four days later on Friday, a bit sooner than I expected to be honest.
Thanks again, to Jim and his incredible staff.