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 
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 

Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

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