Laying Groundwork for Facebook and Apple

Two tech giants are due to roll out earnings this month: Apple (AAPL) is scheduled after the bell on Jan. 23, and Facebook (FB) is set for Jan. 30, also after market close. It is too early to make technical predictions based on the charts, but it isn't too early to start laying the groundwork for some trades.

The Facebook chart does offer a bit of insight. However, we have all of January to go before we'll hear from The Hoodie, so this pattern will clearly change. Based on the current formation, the stock has already fallen out of a flag and successfully tested $25, which was expected in mid-December. Now it faces $28, which is a major test for the both bulls and the bears....619 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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