Facebook could resume the up-trend. Currently at the lower parallel. I'm considering a buy at 61.0. Target 72.4 initially (03-11-2014 max) but I'll need to re-evaluate depending on market behaviour. A trade below 56.83 pivot would negate the study projecting the market lower. I don't short stocks anyway as a principle.
Trade closed: target reached
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Comments
LEONES
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Facebook hit the target of 72.4 after 2months...
LEONES
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Facebook didn't reach my target. I'm out with a small profit.