from fast to faster
FB from fast to faster. As i posted yesterday on this name, expect an accelerated trend to form out of the previous channel or a breakdown and gap test. Now that we have our result its safe to say this is a very bullish reaction. But as far as a trade idea, if you weren't a lucky long into ER I would need to see some sideways consolidation or even a pullback to find a level to manage risk against. The 50 or 61.8 retracement would be perfectly healthy and should offer some support.
Evan Medeiros
Founder, Trade Risk
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Website: thetraderisk.com
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Founder, Trade Risk
---
Website: thetraderisk.com
Twitter: twitter.com/evanmedeiros
Latest Analysis: thetraderisk.com/smw
Free Newsletter: thetraderisk.com/trading-newsletter
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