In my opinion, the damage is done to FB after the last earnings report. This stock still looks strong on the technical indicators so I don't see this stock breaking its bullish structure.
It's close to the primary support line and it's currently overbought which suggests a good opportunity to open a very small LONG position.
I have an order to open another LONG position if the price falls below 160.00.
If the price falls below 150.00 then FB will be in real trouble.
It's close to the primary support line and it's currently overbought which suggests a good opportunity to open a very small LONG position.
I have an order to open another LONG position if the price falls below 160.00.
If the price falls below 150.00 then FB will be in real trouble.