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