saw some above avg bullish vol friday. Leaving a piercing line. Bouncing at the 382 fib level
if it falls below $262 level, looking for the 20 daily SMA to be the next support at the 50% fib level
buying calls above 267.41
Friday, saw signs of weakness in the technicals, if it manages to break the $90 mark, could hit $80 quick
gapfill at $74 target if the there's any bad news regarding amzn partnership
However, if it breaks $100 again, we could see the surge continue
tos picked up this ascending wedge pattern. Took a closer looking, it did break trendline
There was a double top price rejection at the 200 sma on this chart. Target price is under $40. Swing trade, bearish.
Looks like with apple going to war with FB, things aren't looking good. Think that the gap will still be filled, but after it's filled, FB might be on the way down to form the head and shoulder. I'm sharing to try to get some feedback from the community. Any inputs would be much appreciated. Thanks!
