If Facebook reaches $184 prior to next week's earnings report, I will be opening a short position. While this wouldn't be a text book head and shoulders, it would fit much of that technical profile. Insiders have been selling off large numbers of shares recently. Would place stop near $190 mark as a break above would largely invalidate the idea. In the event that this trade breaks my way, I will do a partial cover at $155.
Trade closed: stop reached
REKT... user growth numbers continue to amaze me
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.