At 12:54 p.m PST, I purchased Facebook (FB) March 28 $65.50 Put options. You can see my FB chart below and my analysis. FB was trading between $69 and $72 for a about a week. 5 days ago, it broke down the channel and it retested the line as resistance. It held as resistance and today is the second day this stock is down after the retest. This tells me that its possible to see more downside to the purple line which might be a trend if the price action touches it. I expect to see the price action at least in the mid $65 level. Please do your own analysis before purchasing. To View My Chart and to Read my Analysis on Facebook, Click Here
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