BREAKOUT OF THIS BOTTOMING PATTERN HAPPENS TO TARGET NEXT OBVIOUS AREA OF SUPPLY, $35.50 OR SO.
After a significant pullback I like this name as a potential long candidate for 2020.
This might be a nice long term buy here.
Potential bounce tomorrow. Closed below lower BB with RSI close to oversold and near fib support. Sold $SPY puts EOD and bought $FB weekly calls for a day trade. Small size. $SPY $FB
If this gets anywhere near this green line I will be agro buying against it.
$FB
Above this obvious resistance?
$FB daily with BB / MACD
Multi-year cup without a handle base. Above $19.10 and this moves much higher.
ZNGA
$JCP. Slinky.
Best to wait and see what $FB does with this line in the sand.
