FB - Short (and fill that gap)
Hmmm...looks like going down and fill that gap, buyers will be trapped and jump ship. Short and medium term downtrend here and losing the 200 EMA. 5 days of lower lows on the daily is a bad sign combined with low volume, I hope it continues to bleed.
FB is passé to the youth of today....the glass is half empty here.
tight stop = $164.49 Target = $153.30 Entry = 161.80 R/R 3:1
FB is passé to the youth of today....the glass is half empty here.
tight stop = $164.49 Target = $153.30 Entry = 161.80 R/R 3:1
Note
new lower low set today keeps me from bailing out, keeping watch closely. Keeping the stop @$164.49.Note
Continued weakness on negative European news.If it breaks thru floor @ $160.33 hallelujah! would add shares at that point.
Will lower stop based on today's action, I consider this a poor entry on my part so watching closely. Stop moved to $164.01 for now. almost 1/3 of gap closed.
Trade closed: stop reached
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