Facebook is set to report earnings today after market close. Recent sentiment has been very bullish, however, with the fall of Apple, Google, and Microsoft; the market is now second guessing itself.
Put action has greatly increased in the last couple days and investors are seeing a true divergence in opinion.
And it is not just showing up in mainstream media. The charts, and subsequent interpretations, are showing the same mixed signals.
IBD sees a cup and handle consolidation pattern with a $117.09 buy point. A bullish pattern. We will call this the Tomaeto. 😉
Yay! If it does indeed surprise.
Another stock and chart analysis site comes to a much different conclusion. A multiple top bearish pattern. We will call this one the Tomahto.
Ahh!! If it does indeed crash.
So which one will it be?
Potaeto or Potahto?