Perfect analysis - Facebook and Netflix were turned into the largest hidy-hole ATMs throughout the whole of human history the past couple of months as part of artificially floating the market, part of the spinning plates on sticks in the circus scenario - and the Netflix ATM was yanked out the wall this evening!
Facebook is next....
What a pair of robberies this could turn into!!!
asgcorp
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stocks don't trade on technicals. Better stick with FX/crypto (BTC).
ogdabber
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@asgcorp, well, big money does -- essentially algo-bots, setting using huge % shares to set traps and cash-in for the 1%... perhaps I'll consider crypto again tho
ogdabber
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Would you consider this a cup and handle breakout? Because then we should expect this to re-test ATH again soon -- would be good trade either way
ogdabber
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But what if the bulls and/or big, institutional money push it through the resistance? This would probably make it stronger support, and then any puts bought could turn worthless... I'd watch for the initial breakout either way... same goes for regular shareholders too... based on your timeline though, this seems likely -- good job!
Facebook is next....
What a pair of robberies this could turn into!!!