Fb idea for sharing

nice fb touch 259 and rebound

To my understanding, there is strong support at 265 and it held quite well. Aside from your shorting idea, your long analysis is spot on. However, I do think the resistance at 286 will become support after Feb 2021. The volume is low at the moment.

Note: The writer holds a long position and this is entirely my own opinion. This should not be considered as investment advice.

@GeniusGenie_ yes volume is low and this time for keep stock for mother stock....for option my opinion under monitor couse still downtrend...

@msttraders2, Totally agree! FB is on a downtrend. I will be monitoring the key levels. I took profits at 278 :)

Thank you for sharing your idea :)

cant it rebound at 267 ?

Can i know how u concluded 259 as support line for a rebound ?