Sagar Nandi
Facebook looking shaky at double top

All the snapshots are taken around 10:20 AM EST on 12th Mar 2019. 

Numbering in the text below follows the marking on the pictures.

(1) $FB is in an industry that is neither strong nor weak. (2) It has medium valuation and (3) earnings growth is slowing down. On the charts, it is at a double top in both (4) weekly and (5) daily. Long position holders may book profit and short traders may look for a low-risk entry point.

IMPORTANT: As the price may move up or down during the day, you may confirm a swing trade setup at or near market close.
fb edge 2019-03-12_10-27-36.jpg  FB Vital 2019-03-12_10-23-46.jpg 
fb chart 2019-03-12_10-20-33.jpg 
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Sagar Nandi
I had warned about FB on 12th Mar in the morning session.

1) That day ended with a bearish shape candle.

2) By Friday 15th March, Facebook has dropped enough to give a profitable swing trade.


Fb followup 2019-03-16_9-02-41.png 
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