Night_Trader
Long

Third attempt to reverse higher.

BATS:FB   FACEBOOK INC
602 views
1
Third attempt to reverse. The last one on high volume at the channel support. We should be able to get at least a second leg up. R/R = 2:1 with target at the upper channel line a bit above AB=CD

Update Apr . 4th: I will take profits now (a bit earlier) at the upper channel line (white) !

Comments

Are we in for a new leg higher ?
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Night_Trader pascal.hamel.779
I would be very cautious as long as we are within the downward channel
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Perhaps FB will hit 28 - 29 $ next week.
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