I remember back in mid April you said FB was your favorite kind
of short and then it was at the $180 level. What makes it look ripe
for shorts now in your opinion versus back in April when you
thought it was a good short?
FB on last bounce formed a lower high and has an open gap below
(near 20 day MA) as a target on further weakness. NFLX has
been the weakest FANG of late and today GOOGL struggled with all
the FAANG closing lower. Topping is a process (examine the MA
configuration)
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I remember back in mid
Posted by victorh on 4th of Jun 2020 at 05:03 pm
I remember back in mid April you said FB was your favorite kind of short and then it was at the $180 level. What makes it look ripe for shorts now in your opinion versus back in April when you thought it was a good short?
FB on last bounce formed
Posted by steve on 4th of Jun 2020 at 05:24 pm
FB on last bounce formed a lower high and has an open gap below (near 20 day MA) as a target on further weakness. NFLX has been the weakest FANG of late and today GOOGL struggled with all the FAANG closing lower. Topping is a process (examine the MA configuration)