FB should fall down to the monthly 200EMA(Redline) and VWAP(yellow line).
I wouldn't be afraid of the retrace after the selloff.
The sentiment is pretty crappy with the Instagram debacle. And many still bearish on FB waiting for the 158 gap down maybe. Considering Instagram is probably Facebooks best tool atm and the founders just left.
Enter around 165 exit around 162.
I wouldn't be afraid of the retrace after the selloff.
The sentiment is pretty crappy with the Instagram debacle. And many still bearish on FB waiting for the 158 gap down maybe. Considering Instagram is probably Facebooks best tool atm and the founders just left.
Enter around 165 exit around 162.