August FB Levels still relevant
Updated
Levels of S&R for FB were held these past few days, however, today's tech drop broke some of these levels. FB closed at 263.5, the same level as the support from the regression channel in August, and with the announcement of their new Oculus VR products, I took some FB calls as a swing into tomorrow, looking for a gap up. PT 1 is 265.8, PT 2 is 267.5. Below, beware of a break of 259/257. Good Luck!
Note
As mentioned, the support from the month broke as FB is currently trading around 252-253. As market conditions get worse and investors start getting more pessimistic, expect worse for FB and the rest of big tech (still looking for a green day monday)
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