FACEBOOK DISCOUNT? Back to 230's i think

happy Sunday everyone. While the stock market was blood red on Friday, it made for some sweet deals on stonks lol. Here is my two cents. If the stock market falls then the economy is screwed. As much as it sucks its the truth. If something were to happen it would already happen. Friday for whatever reason was a slow day. The volume was low except for Facebook. Facebook was in that channel and found some resistance (241). They bounced off it 3 times so it was really trying. It broke its smaller channel when the sell off began. My expectation is that Monday (June 29) the stock should be bought up. The news for the sell-off was people pulling their ads from the site due to some racial controversy. Pepsi pulled out today (June 28th). The stock will most likely open lower but every Monday has been bullish. If the rest of the market is going up then Facebook usually will. Facebook is something that is a long term hold from what I've heard. That's all I've got lol

PS: if you are trading options just do within 5-10$ range. The only time it should just rip upward is if it falls to far and tries to get back into the original channel.

good luck, trade smart,

this is not trading advice. I am new and don't know anything. hoping this helps

good luck lol

tunripboyo

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

tunripboyo

Also on: