Facebook (FB) is getting a minor bounce today as the markets are taking a break from the heavy selling. While Facebook is up, investors should be aware there is still further downside until a major level is hit. There is a Facebook swing trade level to buy at $234.25. This is a major gap fill support and major technical support. Expect a technical swing trade bounce here, good for a surge back to $265.00. Patience will pay off when this level gets tagged, likely in the next week. Be ready to buy. This Facebook swing trade sets up with great risk/reward.
Note the Facebook swing trade chart below…
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.