125 have forewarned something important. It didn\t hold and likelihood for further bearish movement is high.
There is no internal catalysts within Facebook itself to keep going upwards except for bearish sentiment and feeding of shorts. However, bulls have ran some time already, so many bears have given up in the Shorter term Picture.
The cycles on Facebook are not easy, but I have seen something interesting. An expandatory cycle is at its maximum halt in the end of January and beginning of February. One can see signs of slowdown from the 8th of January. From beginning of February, I expect a bullrun to last for first 21 days before first reaction. However, I think we will see a run in total of 49 days or so before the cycle tops out.
I will be shorting at opening Monday 14th. Targeting a minimum of 110.
There is no internal catalysts within Facebook itself to keep going upwards except for bearish sentiment and feeding of shorts. However, bulls have ran some time already, so many bears have given up in the Shorter term Picture.
The cycles on Facebook are not easy, but I have seen something interesting. An expandatory cycle is at its maximum halt in the end of January and beginning of February. One can see signs of slowdown from the 8th of January. From beginning of February, I expect a bullrun to last for first 21 days before first reaction. However, I think we will see a run in total of 49 days or so before the cycle tops out.
I will be shorting at opening Monday 14th. Targeting a minimum of 110.
Order cancelled:
Well, it seems the likelhood of going bullish into the report is more likely. I did a mistake in my calculation. The turn date is 31st of Feb 1st. I will short near the Close at 31st.
The herd and analysts will feel deceived by the afterhours communication is my take. So, if we on the contrary go upwards into the report.. Well, I will be shorting additionally right before pre-report.