Short
FB-SELL strategy
The stock looks very tired and starting to look out of fashion completely.
The small correction before, and then the subsequent move lower and remaining well below cloud activity does not bode well.
I feel we should be selling current $ 190-193 for a move to $ 155 and lower. For option players BUY PUT EXP July strike price $ 180. Exit the option when market reaches 160.00.
The small correction before, and then the subsequent move lower and remaining well below cloud activity does not bode well.
I feel we should be selling current $ 190-193 for a move to $ 155 and lower. For option players BUY PUT EXP July strike price $ 180. Exit the option when market reaches 160.00.
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Disclaimer
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.