2waytrading
Short

Upside momentum seems over now best could be 83.5-84.50

NASDAQ:FB   FACEBOOK INC
251 0 0
Earning out, and investors and traders are not sure what to do but downside risk is much higher now than upside risk. Good traders should get read to ambush for a possible 15% reversal from today's high. While I would not be shocked to see another fake higher highs into the 83.95-84 next few sessions, the current technical set up is giving me a strong conviction that any upside push is highly unlikely to sustain or will give institutions to let new retailers to hold their seats while they get next big trade like $FB. My mid-term target (3 months) $70 with tight stop. If you need a real time alerts try us http://www.2waytrading.com
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