Facebook (FB) has been downright ugly of late, but this past quarter it has, no doubt, been the market darling.
You have the highs that were reached of +$121 lat month, and once June rolled around, all this thing could do was drop in price. But now it gets really interesting because between $107-$108 you have a key support level that it is currently testing.
Along with the 200-day moving average at just a shade below $107, you have the makings of a nice bounce here.
The market is due for a dead cat bounce, but you have to be nimble with this trade – if you can net 3-5% on a bounce in $FB, I wouldn’t questions it -I’d just take it.
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How does war impact the stock market and what are the potential risks and hazards that impact traders attempting to remain profitable in their swing trading? In this podcast episode, Ryan Mallory covers everything managing the volatility that comes with the headline risk, dealing with heightened levels of emotions, securing open profits, and market exposure to uncertainty in the stock market.
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