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VelvetHammersTrading
Apr 28, 2018 1:11 AM

FB Long After Earnings, Nice Pullback into the Daily 200 

Meta Platforms, Inc.NASDAQ

Description

Facebook gapped up over significant resistance but right into the daily 200. Today, we saw a retest of the 200 SMA. Nature (and the markets) abhor a void, and with stochastics turning up on both the daily and weekly charts, there a good chance FB fills the gap up to 185. Either way the pullback into the 200 made for a nice entry on a 15 minute chart and a wonderful area for a stop.
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