FB Facebook - Not the cleanest looking Head & Shoulders and this would definitely be a risky short, but I could see this closing the gap from July 31st at $235.00 in the near term. Given the current trajectory of the 200d ema line, that would likely provide additional support at that level to prevent any further decline.
$2.40 would be a more sensible valuation for this pile of junk
Annabickham
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Amazing work.
k8c
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I'm a bit confused. So you're predicting that FB will go down hitting $235 by early November? Therefore a PUT option that expires in Nov?
Triple_Barrel_Capital
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@k8c Yes to your first question. Not sure what you’re asking with second question.
If you’re asking...do I recommend you buy a put option that expires in November...I’m not giving any kind of investment advice. You’ll have to decide that on your own.
BW11
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I'm going to offer a contrarian view here.
I'm going to say that it's going to hit the 50MA and bounce back.
Triple_Barrel_Capital
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@BW11 Definitely possible. Maybe it will depend on what the overall market is doing, and if another stimulus is passed soon.
glennjay211
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great find. thanks
zhafrihandsome
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lets go !
Gayel
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good work
HollyDary
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Thanks for participating. I think that the dollar will fall this week, which is in the same direction as cryptocurrencies