earnings winner
FB positive reaction after earnings accelerated the previous bullish channel even steeper. Slightly concerning to see a pullback of this magnitude on friday in a tape so strong but I wouldn't read too much into it just yet. No idea what kind of options shenanigans could be at work on earnings opex. If the bulls can hold this gap at 28 it should begin to carve out a range to begin assault on the 30 handle. Otherwise a close below 28 would signal to me it needs more time.
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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