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UnknownUnicorn1020621
Jun 21, 2018 1:33 AM

FB: Breakout or Fake out 

Meta Platforms, Inc.NASDAQ

Description

Too Hot for Breakout to ratify IMHO, RSI needs cooling down, I am expecting a "Throwback" (google if you don't know what it is). Washout before it goes up. This is very risky as we saw the high volume breakout.

Currently with some puts, will go full call if it dips tomorrow.
Comments
DerekD_
What strikes you in on? I'm looking @ chart now, don't have a position but 2hr looks like it's just getting started. $210.84 might be next
UnknownUnicorn1020621
@DerekD_, RSI too high, since spx future just went up. I have no doubt all stocks will be up tomorrow.
DerekD_
@Avasreader, Definitely is - could use a dip 100%. But coming off the lows after the whole Cambridge fiasco, RSI was lowest it's been since 2016 before it surged $114 - $150. I just wouldn't be comfortable at this point with puts to wait out a short term dip
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