Been waiting for sometime for us to load some positions on FB. It's has dropped about 20% from is last high print.
Facebook is now trading on the support and we hope to see some buyers picking this stock at a discount. With a good risk to reward ratio, this will be one stock worth the risk. Let's see how it move later, with good price play, we can expect 180 level covering some of the last gapped.
Its already at support. There's a big gap if it losses support. If this goes to 140 I think it might be game over.
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@christiandeleon415, yes that's what we said. The support held which was good for our position.
ugh2022sucks
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@TradersArticle, Next week potential sell off? Things are heating up right now.
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@christiandeleon415, we doubt another big sell off will happen in the next few days though it could. We have to see how dow hold as an overall overview. Just updated our view on Dow.