chart: Gap in FB

Courtesy of TradeStation

As of 11:20am EST the stock of FB had a gap opening on large volume.   Currently it is trading close to the opening price with a long wick up (shooting star candle).  If it closes near here, it could be somewhat bearish.  The gap on large volume can be either a runaway gap or an exhaustion gap.  With sentiment in the greed area and the AAII bears lower than 20 this week, it could be an exhaustion gap.

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