I believe Facebook is going to turn full bull soon. I was bearish at 217 when I added puts.. after it fell 20% a/h, I knew it wasn't done. But the time is close. Now is the time to be bullish on FB again. a key area is around the weekly 200d moving average around the 134-136 area as a decision point.
Note
Note
xabcd of some type here.. maybe a better buy down below
Note
Note
200d moving average going to be a problem. Bear divergence and downtrend.. odds are in favor of it pulling back here for a bit. I still hold to the idea of a bull run but watch the pullback
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.