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(Follow-up) Why Facebook Is a Dangerous Short Here $FB $QQQ $GRPN

February 2, 2013 Comments off

 

  1. haDelta reversal + crossover at support
  2. A heikin-ashi reversal candle (Note: Use any trailing-stop to protect against grey swans)

 

Follow-up: Why Facebook Is a Dangerous Short Here $FB $QQQ $GRPN 2/1/2013

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Why Facebook Is a Dangerous Short Here $FB $QQQ $GRPN

February 1, 2013 Comments off

Although heikin-ashi last candle is black, haDelta is at support.

Many would say “haDelta support is broken, $FB is doomed.”

It is not!  This behavior (lower haDelta, higher price) sets the stage for a higher close soon.

Time will tell…

Note: Since nothing/nobody is perfect the stop-loss is at 29.47.

 

Why Facebook Is a Dangerous Short Here $FB $QQQ $GRPN  2/1/2013

Categories: Facebook, heikin-ashi Tags: , , ,
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