we can see a reversal on the daily chart on facebook, the news likes to create noise, but where there is panic, is oppertunity, i predict, from reading the options contracts, this was simply profit taking and noise. by earning i see facebook around the mid 200$'s .....we all know by terms of agreement that when you sign up for social media you have total control of what you show and what you do not. we know our data is harvested and put into the cloud and sold. this is nothing new. at the end facebook is a solid companyand i give it a buy rating with a PT of $250 this year.
red is support, blue is resistance.
red is support, blue is resistance.
Comment:
well i would hedge this trade, because there is a lot of uncertany, buy otm calls for vix or a strangle
Comment:
gap filled