FB or should i say META?
FB,.. not a stock I normally trade but definetly will attempt to catch the dip. I am not bullish yet. and i see some more downside before we can finally catch the bottom. when a price is below the 200 SMA it is never good specially in the daily time frame. however on the weekly time frame we can see price bounce off the 50 sma. will be closely watching for now until i can confirm we have reached the bottom. all sectors are at an all time high. do not see FB moving just yet for these reasons.
All social media stocks such as SNAP and TWTR look like they might be bottoming soon as well. my assumption is they will all move together for a good rip either next week or mid November. for now I have leaps on TWTR, Dec calls on Snap and FB still waiting to enter.
All social media stocks such as SNAP and TWTR look like they might be bottoming soon as well. my assumption is they will all move together for a good rip either next week or mid November. for now I have leaps on TWTR, Dec calls on Snap and FB still waiting to enter.
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