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Xafada
Oct 29, 2014 12:00 AM

Upside momentum seems over now best could be 83.5-84.50 Short

Meta Platforms, Inc.NASDAQ

Description

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 2waytrading.com
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