Fooled by Facebook Inc (FB) ?
Read this brilliant article ;
http://news.cnet.com/8301-17852_3-57454778-71/how-facebook-investors-fooled-themselves/
Now, concerning the chart ;
1) GVN condition (Gap, Volume, News) ; that level is our main key resistance
2) Blue arrow scenario ? Forget it ...
3) Purple scenario ? Gut feeling says ... probable ...
4) Watch the volume !!!!
2 comments:
Moise, I also noticed a classic, "ambush" trade setting up...the low hit on June 5th and then the 25th high (pullback of short in reality) with a pile on short to a lower than the low (zero line) of a Fib setup. It is very clear that this was a short after the 25th did not close higher.
Good point !
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