#FB could be setting up for a breakout to $50 or breakdown back to $43...


Updated December 10, 2013 ‚óŹ 573 views

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:

  1. If the price goes above 20MA or break above the resistance (around $47.50), it would be a signal to buy some CALLS!
  2. 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:

2 Comments

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Reached my $50 target. Sold calls for 50% profit.

David · 7 years ago
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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 · 7 years ago
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