jefftan
Long

FACEBOOK : TEMPORARY FLIRTATION AT 38.00 AREA

BATS:FB   FACEBOOK INC
256 0 1
Next week, we are expecting price to break wl-3 and a dash towards wl-4 mimicking movement comparative and similar to this week.

Facebook             is firmly in a uptrend and the infancy of it as well.

For those who have longed early in the week, it is good time to move your stops to break-even.

For those who missed the boat, next week will present a good opportunity but only if price breaks wl-3. It is abit risky as there could be some strong retracement but the energy build-up over the past 2 days may just provide the impetus to punch right through wl-3 with no turning back. Still..if you want to take the trade, be quick and nimble to move your stop to break-even.

It has been an exciting week for this counter and we remain bullish on this counter.

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