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FB presenting a good short opportunity
Sorry for my bad drawing but you can get the jest from the chart
Repeating pattern in pink circles
Long term wedge ending right at earnings report in July
The people around me have stopped using FB for some time and I imagine FB is no longer the go-to place for social media. Personally I myself, someone who spends a lot of money online, have never spent a dime on FB nor have I clicked on any of the ads.
I'll initiate a partial short position around $88, stop loss at $90.50, add to my position as price moves in my favor.
Repeating pattern in pink circles
Long term wedge ending right at earnings report in July
The people around me have stopped using FB for some time and I imagine FB is no longer the go-to place for social media. Personally I myself, someone who spends a lot of money online, have never spent a dime on FB nor have I clicked on any of the ads.
I'll initiate a partial short position around $88, stop loss at $90.50, add to my position as price moves in my favor.
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