Saturday, August 29, 2015

Facebook Inc: This Trade Setup Works

Facebook Inc (NASDAQ:FB) is bouncing significantly today. The stock is soaring, trading at $49.39, +2.62 (5.60%). This is coming after a massive drop that saw the stock fall from all time highs of $51.60 to $45.26. This snap back rally is coming after investors who missed the Facebook run-up, are now buying in a frenzy. This is what is known as a snap-back rally. It happens on the biggest runners on the first major pull back.

While average investors are flooding into the stock, smart money is eyeing it as a classic shorting opportunity. The key is to look for the retrace and pull the trigger on the short. Anytime a stock  dumps out on major volume from an all time high you will get this type of snap-back. The key is to know the level to short. On Facebook, the price a break of $50.00. If this level gets breached tomorrow, a high reward short is available.

Gareth Soloway

[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=3f32e4f90f2be87d1afa87ae295fb8caf48e74a777b16c729f80e886d0c20276f85c63d4720326dda0c082e90a7f3b1a43c3e297e47aa5ee22dc1e82bbf1d8900008b5835b2242fd6798c248d331a88fc6a8398b6ea75cf1ec22715f3fc8caa97846b0ed1d3dd38607b2f13aeffba1351d28060669f8e1aac2bdcb6867e96734afd2b89590e3ea524b2997e842d8be9cc731122c9e859d7bbc678fcb3fdc4950a3318fee01d55ecd99d71274e6f0696208d683ec53ae2dce4f27d79371b9085cccc5e422c4e3add1cab561e7b635b6281dcf166fe3d16db208c4614439c1266c127723af4dd2d3a6a340a1b370e196c3eb7471dd1b87ec860b84e009eda4e5cb23f45933002712f1d865c8fae6931968f59b0bd53143743d2d6578d4bdbf2c1fa42f53bd2e9d5b8472661974a1463f35ff2006a0955e371ae30042a601feef41ffa9b6eadfb1ae2a3982b7d9bfd061b1a7aff6a95e7bfcb26999608d799b10c6809103ccd77784a463b97c223c50cbc308ffab65a3ffb241432865b243ea969ff9805f96a1990cc6617898579a9d26ff00f7779d5dd1877af79cf23913a1d0af957535a670bfb43dcf77c2fb0ec45a72dcf382e84fe7bdabe185909bfae623e31421774488695b37382c37e78a904b768b238d330124a87e639339f6e99f0e4d62d33ac16dd5d091a86029474d1277474d1398[[T_F]]

More on this topic (What's this?)
Twitter Digest: 2012-10-10
Read more on Facebook at Wikinvest


| More

Related Articles

Leave a Reply

Back to Top

Social Media Profiles



The New York Times logo CNN logo ABC logo CNBC logo