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Monday, June 4, 2012
Facebook Technical Signals Indicate Higher Prices
I currently bought call options at $26.60 for Facebook ($FB), based on the ten minute chart below. In short, the RSI and MACD are not confirming the lower lows (positive divergence), and the stock is at its lower bollinger band, setting up for a nice bounce to the upper bollinger band.
Update: Caught it at the bottom and sold for 12% profit using options. It was a few pennies away from being even for the day....