TheShortLife
Short

FB wedge resistance

NASDAQ:FB   FACEBOOK INC
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Although this is a bullish wedge , price has had a non stop move to the resistance, a little bit down is likely.
Comment: Here is the weekly chart - even if price continues up higher, it will be smacking into strong weekly channel resistance (i.e., pullback rejection).
Comment: Haven't taken a position yet, but I think they are going to do a pullback retest of former support - this straight run up smells fishy.

I will probably go with put spreads.
Current thoughts?
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How much low do you think it will go?
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TheShortLife Winter_Soldier
@Winter_Soldier, It's breaking out now so I could be wrong. See my update.
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