TRADING TIPS

Where is FB Headed Next?

Hubert Senters here. I had a question from a your what I thought of Facebook whether it’s going to go up or down? So clearly I think it’s going go down. It is below the cloud. It was up here. It gapped down and it hasn’t been able to get above the cloud since then so I think Facebook is going to grind lower. It’s actually cheat a little bit here not cheat. But I mean let’s go a little bit longer timeframe here looking at weekly. So right now, you get a weekly chart sell signal. You got a little bit of support right here at $120. I think it’s a near term target. Could be that area of $120? Now, if it doesn’t hold it could drop to $100 or maybe even $80. I don’t think it’s going to but it does have the opportunity to do that so I would say the first target on Facebook is going to be a minimum of $120. We are having our annual trade giving it the Friday after Thanksgiving. It’s going to happen Friday November 20th. Here are your speakers and your times myself, Johnny, Serge, Hima. Andrew Jack and Toni. Figure out who you want to see talk show up at that time. Click CLAIM MY SPOT NOW to register for the webinar. Good luck. Have a great weekend. And I’ll see you on the next video. Hubert.

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