(CLOSED -3.82%) Swing Short FB through 116.23

I sent this out yesterday at the close just didn’t have time to write a write up about it.

snuff.JPG

This chart looks absolutely gross. I have been saying for a while if FB cannot reclaim the 200 day MA around 120 then this is rolling over.

It Hasn’t. 

fb.JPG

I believe this has a lot of downside to go targeting under 100.

*None of this is trading advice and only my opinions.

 

01.05.17 – This trade was closed for a loss because FB is above the 200 day MA. I may miss it but so what. That was my defined stop.

CLOSED -3.28%

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