EliteTrader101
Long

FB stop hunt, so now it is strong

NASDAQ:FB   FACEBOOK INC
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FB had a fast move down to stop out late longs for the next leg up on the 30 min and it was re accumulated at the 200ma by institutions. This is a very strong buy signal for me because the rejection off the 200ma was so quick and is a retest of the previous value area's top edge. This should make new highs with the strong stock market.

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