nikolaalx
Long

XABDC Fibonacci Projection - FB Long and reverse at $72.05

NASDAQ:FB   FACEBOOK INC
302 0 1
A projection for FB             movement during July 2014. Strong expectations for Q2 Earnings are likely to catalyst a positive movement that would push FB             to $72.50 . So far the recovery of FB             has been smoothly following Fib Retracement with clear support and resist levels.

Extremely low VIX             levels and record high Index levels make the markets really vulnerable to any weak economic or negative geo-political data. Any of those might trigger a reverse movement that would return FB             to $65.29 levels before any further positive movement. I'd say go LONG and reverse position at $72.50
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