marketcast_
Short

Facebook bearish setup

NASDAQ:FB   FACEBOOK INC
Risk to Reward idea:
Short trade: current price 161.50
Stop above 170 (for risk of 170 - 161.50 = 8.50)
Long term Target 120 (for reward of 161.50 - 120= 41.5)

Supporting analysis:
Head & Shoulders pattern
Price is below Resistance level
Price action is weak

For educational purposes only.
Totally agree, social stocks in trouble for several quarters ahead.
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