Some FB thoughts

30 thg 9, 2018

Facebook is known for covering their gaps. There's one at like, $113 that was never filled, but besides that one there aren't any that I know of on the downside. Besides at $155.10. I would feel so much better if it could close that gap before earnings on Oct 24th, but I don't think it's necessary. In the short term, it's trading into a wedge. On the downside, I can see $155.10. On the upside, the next gap is near $210. I do think their reported earnings will be have a positive impact on the share price and is a long term buy. I'm also wrong more times than I'm right so there's that.

The news of the Data breach makes me believe the next step is to break that support and hit the $155.10 gap.