3rd Feb 2012 – Pattern Study – Can’t wait for Facebook to go public?!

Ticker:

 

1. RENN

 

Topic:

 

1. If you cannot wait to buy Facebook, you can buy the China version first.

 

Lesson Learnt:

 

1. Overtook the down trend line. Also overtook the 20MA, 50MA and 100MA lines.

2. Volume is very encouraging.

3. All secondary indicators are very supportive.

 

 

Intraday Chart

-NA-

Historical Chart