If Facebook reaches $184 prior to next week's earnings report, I will be opening a short position. While this wouldn't be a text book head and shoulders, it would fit much of that technical profile. Insiders have been selling off large numbers of shares recently. Would place stop near $190 mark as a break above would largely invalidate the idea. In the event that this trade breaks my way, I will do a partial cover at $155.
Trade closed: stop reached:
REKT... user growth numbers continue to amaze me