Short-Sale Set Up - Facebook (FB) Follow-Up 4/8/18
|Published:||8 May 2018 10:24 ET|
Facebook (FB) remains in play as a short-sale target, We originally used the 10-dma and 20-dema as our guides for upside stops, with the idea of looking at the 180 level as a maximum area of price resistance. We were stopped at the 10-dma and 20-dema, but so far 180 has held as resistance, so we are willing to come after this on the short side using 180 as our stop. Remember that short-selling is most likely to work well IF the general market moves lower as well.
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