Absolutely NAILED this one within a $1 on the short term bottom
Updated
I hope you guys took this short... I had jumped in early a week ago at 305 and today added on at 323... closed it at 247. WHAT A PLAY!!!!! Facebook still will come down but short term, I could see a bounce up for now. I wouldnt be surprised to see it close the week around 280.. well see.. I might actually jump in long now a little since I just absolutely nailed this one on the way down. I havent made this kind of money in the same day since I took my RH play 3 years ago. That made me 12k overnight. I could see a bounce up to the 280s from here if you are looking to go long... well see how it sets up... but don't be confused... FB still has a massive drop before its an investment.
What gave this one away.. the break of the wedge as well as the double top. If you want to know what I saw in this one.
What gave this one away.. the break of the wedge as well as the double top. If you want to know what I saw in this one.
Note
Short term, I believe 247 is the floor. Give it a few weeks and months and it will be much lower but for now, 247 I believe is the short term floor.
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