Hi guys ! I post my new trading idea for Facebook
. I have the conviction that the Facebook
stock will go down with a target 150,61$ because of the negative news about the breach of the 50m users from fundamentals. Also this move is verified from the indicators I use , the RSI
will continue going down to 30 and the ADX
will go straight to 20 with -DI
which moves to the price level of 40 ! . So my idea is to go short and catch a 5% return on investment. But the best part of this trade is the gap filling until it goes again to 210$. So the best move is to go short until 148-150 $ and then buy until 210$ to get the maximum return if it goes well. Have fun !