Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

$FB is screaming at my face- BUY!

I tried to buy back $FB after I dumped it this morning because of the gap-down open; but the retracement never came.  So, I did what anyone who wanted in do; buy at the market just to get in for the starter position.

Take a look at the 15m $FB chart below:


I had a buy order at $25.50 and it was completely ignored ’cause price just kept going up.   The rally is very strong and this could be a catalyst for the bounce back up to the $30.xx range.

Take a look at the massive bullish engulfment bar in the daily chart right now:


It cut through the 5 moving average and broke thru the high of the last four days.  I just added more $FB because price kept going up.

A special thanks to Sooz who alerted me of $FB last week which I added to my “to watch” list.

My 2 cents.


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  1. Sooz


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  2. Sooz

    ^At times, no doubt, 24hrs can feel like a week when dealing with the market.
    (*really only yesterday that we had a chat about this issue)

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  3. Sooz

    nice scoop, Zen.

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