Facebook Rallies Too Hard, Fade is The Trade

After a strong rally in 2015 shares of Facebook began a consolidation phase in November. This consolidation ended last week after the company’s reported earnings. The stock has since rallied about 24% in a straight line and in just four trading days. The stock is getting severely overbought in the near-term.

Watch the video for the trade that I see setting up in Facebook.

Serge Berger
President/Founder
TheSteadyTrader.com

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