$FB may be a buying opportunity

Weekly chart confirms bullish state with daily chart supporting probability of a pullback within an uptrend.  This may be a buying opportunity for investors that like $FB.

Weekly Chart

• $FB is still bullish on weekly chart despite price crossing below Kijun Sen
• Tenkan Sen (blue line) remains above Kijun Sen (red line) which is bullish for momentum
• Chikou Span (green line lagging 26 periods) is above the price curve - bullish
• Leading Kumo (cloud) is green - bullish

Daily Chart

• $FB turned bearish on daily chart at the beginning of May with price crossing Kijun Sen and later confirmed by crossing below the Kumo
• Chikou Span confirmed bearishness as it crossed below the price curve
• Support seems to be around $78 before price entered back in the cloud and then closed below it
• With price showing support it may be a buying opportunity in an uptrend