After the completion of the wedge breakdown pattern, FB should retest the bottom of the wedge as its first resistance. I was long FB calls overnight the day before yesterday near its 50 day mva. This morning the stock may also test te 10 and 20 mvas, which are about the same area as the wedge resistance {149.1 to 149.5 area}. I am looking to see if there is an opportunity for a quick fade. fB is a strong stock, so I am just doing a tester.
Commentaire:
If you faded FB, I would be covering some here for the gapfill.