FB had a pocket pivot off its 10- and 20-day moving averages. It's pocket pivot on 8-31 was extended. Earning and sales continue to show great strength.
SNAP had a bottom fishing pocket pivot (BFPP) off its converging 10, 20, and 50-day moving averages. Sales continue to soar. Note how SNAP had an undercut and rally on 8-14-17 up to its 50-day line then consolidated gains for the next two weeks until today's pocket pivot.
Pocket Pivot Review - FB, SNAP 9-7-17
|Published:||7 Sep 2017 17:26 ET|
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