Possible Short on Meta
Earnings coming out after the market tomorrow. Price rejected off the 200 DMA and I opened a small short position after the rejection. The RSI is very elevated. SNAP came out with horrible earnings after market today and fell off over 14 %. Both Pinterest and FB fell, FB dropped to 145.37 and has since bounced to 147. .5 fib retracement is 120.67, also there is a gap at that price that could be filled. I will take the side that FB earnings also missed (my guess). There will be a lot of volatility around the FOMC tomorrow and I want to stay in my short so I will have a higher SL to accommodate.
My only reservation is the FOMC meeting tomorrow, but I will take the risk that the earnings will outweigh the FOMC in the short term for FB.
Not financial advise.
My only reservation is the FOMC meeting tomorrow, but I will take the risk that the earnings will outweigh the FOMC in the short term for FB.
Not financial advise.
Nota
Share buy backs, incredible. Stopped out
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.