Justiceisfalse

Encouraging action for a bounce back

NASDAQ:FB   FACEBOOK INC
65 1 0
With the entire mkt being temporarily oversold, and $FB holding the 200dma at 77.22 and bouncing hard on the open, we should see a 80 print soon enough and could provide a great spot to short again or peel off some of the longs from the bounce.

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Justiceisfalse
2 years ago
Not as much juice as I thought it would have especially given that the $NQ_F $QQQ rallied haaaaard on Thursday and Friday. Given the weakness, it probably lines up for another stab at the 200sma around low 77s
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