bluser12

Facebook - A retracement, possible bounce, & further retracement

Short
BATS:FB   Facebook, Inc
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As the trend line broke on $FB with today's gap down and flush, we saw some capitulation that coincided with a 38.2% Fibonacci retracement . Looking for a short term bounce towards $31 at which point I expect a reversal and further downside until we fill those gaps below and approach some solid support.

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