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FACEBOOK FB: Trading Is Not Always Beautiful
Trading is not always beautiful. In fact my charts are messier than my postings. I am probably the only one who can decipher my scribbles if I left them on the charts. I went long FB on February 12, 2015.
FB still looks great with good volume. There is an indecision candle at the end of March 5, 2015, but it one were to go back a few months there is horizontal support just below that indecision candle; yes, a few cents below it, around $81.16. The price is currently $81.22.
My target remains $91 before I reassess my entries and exits, with "PRE"-targets in place serving as "hallmarks"of the trade along the way to my $91 target. "Pre"-targets are not exist points, but Points to pause and ponder.
FB still looks great with good volume. There is an indecision candle at the end of March 5, 2015, but it one were to go back a few months there is horizontal support just below that indecision candle; yes, a few cents below it, around $81.16. The price is currently $81.22.
My target remains $91 before I reassess my entries and exits, with "PRE"-targets in place serving as "hallmarks"of the trade along the way to my $91 target. "Pre"-targets are not exist points, but Points to pause and ponder.
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