Dizkover#FB could be setting up for a breakout to $50 or breakdown back to $43...
Updated December 10, 2013 ● 648 views
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FB is just trading at the 20 and 50 Moving Average line.
It's at the upper line of the downtrend channel.
This could be a huge breakout or breakdown back to $43 area.
Your 2 trade options:
- If the price goes above 20MA or break above the resistance (around $47.50), it would be a signal to buy some CALLS!
- It the price bounce off the resistance (around $46.50), consider buying some PUTS!
I will update this post once I place my trade. So Dizkover members, just watch for now.
UPDATE 12/04: Bought JAN 48.5 calls.
UPDATE 12/05: Calls up 45%.
UPDATE 12/06: Calls even. Holding position through next week.
UPDATE 12/10: $50 target reached. Closed calls for 50% profit.
Past trading performance:
Reached my $50 target. Sold calls for 50% profit.
David · 10 years agopermalink · reply (0)
UPDATE
There's no confirmation today to pull a trade trigger. FB barely move at all. Obviously, people are waiting for confirmation too. We need to wait next week.
David · 10 years agopermalink · reply (0)