Tuesday, July 8, 2014

Long FB

FB has recently had a nice run but topped out at 68 and retreated to the bottom trend line.  I'm bought on the theory that the trend line and 20MA will provide support and a good entry for a bounce.  In addition, the interday looked close to putting in a reversal or at least a tail until late day selling.  This type of trade give a good R to reward type entry.

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