$FB's looking like it has more upside here, but I refuse to invest in it, other than on short positions out of principle. It appears like we have one last monthly uptrend signal active in the stock, which implies price will hit 159.78, where it can potentially top and go back down to 116.17-115.88.
Let's wait and see, there's plenty of time and room to go higher before this is a safe short,
Good luck,
Ivan Labrie.
Let's wait and see, there's plenty of time and room to go higher before this is a safe short,
Good luck,
Ivan Labrie.
Comment:
This correction might be short lived, don't jump into shorts yet.
Comment:
After July ends, this uptrend will expire, it could lead to a significant decline in $FB. Stay ready to short it. It almost never works, but it's worth a shot in this case.