FB puts awaiting confirmation
I have been studying 
FB for a while now, awaiting for the proper entry. One thing I found on the daily charts in the past months/years, FB highly respects the 100MA. I have been waiting for that pullback to the 100 MA. These past 2 days, I finally see it! 2 candles, wicks are on the 100 MA. Today is Thursday, I feel that today and the next day the price of FB would consolidate this region. Come Friday afternoon, I will see where the candle closes. I will enter a PUT position depending on how the price will close this week. The golden box where I had it highlighted is where the price I am expecting to play around in before it goes higher or lower. My bet is that it would go lower. RSI levels are approaching overbought levels while MACD seems to be on its way to pointing that FB would be moving towards a bullish momentum. Volume however, is relatively boring. It has been very consistent despite of price swings in the past days. I am watching this stock closely would a vigilant eye.
Despite of my bearish sentiments, if the stock closes above 156USD, I see a green week next week. I will then enter a call position. Until then.. I am in bear mode!
I am Balanar the night stalker. I stalk these charts day and night!!
FB for a while now, awaiting for the proper entry. One thing I found on the daily charts in the past months/years, FB highly respects the 100MA. I have been waiting for that pullback to the 100 MA. These past 2 days, I finally see it! 2 candles, wicks are on the 100 MA. Today is Thursday, I feel that today and the next day the price of FB would consolidate this region. Come Friday afternoon, I will see where the candle closes. I will enter a PUT position depending on how the price will close this week. The golden box where I had it highlighted is where the price I am expecting to play around in before it goes higher or lower. My bet is that it would go lower. RSI levels are approaching overbought levels while MACD seems to be on its way to pointing that FB would be moving towards a bullish momentum. Volume however, is relatively boring. It has been very consistent despite of price swings in the past days. I am watching this stock closely would a vigilant eye.Despite of my bearish sentiments, if the stock closes above 156USD, I see a green week next week. I will then enter a call position. Until then.. I am in bear mode!
I am Balanar the night stalker. I stalk these charts day and night!!
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