How a successful trader analyzes risk-reward on stocks . Ex. (Nasdaq:FB) Facebook Stock

Thought I’d share this analysis I did for someone on $FB ( Facebook ). I gave 3 possible scenarios since FB was getting interesting today as it hit towards a key Fibonacci retrace level ( 61.8% level)

Its had a 3 day drop and getting very interesting:

So how does a trader like me , analyze a stock as such key levels and what suggested stops would I recommend.

Is Facebook a buy here or do you wait for a pullback or do we wait for it to get back over $27 again?

I’ll answer all those questions in the Facebook chart with notes attached below:

click the chart below & then click it again to make it easier to read.

I review in dept 3 possible scenarios/buy points  and suggested stops on how to trade Facebook stock from here:

 

Hope you find it helpful,

 

Stockguy22

How to Trade Facebook Stock (Nasdaq:FB)

 

 

To get my live charts and live trades join our GOLD membership only $7 Trial

Stockguy22 Gold Membership Special only $7 for a 2 week Risk Free Trial 

Join us at our Weekly Free Webinars here: https://www1.gotomeeting.com/register/868331328

We review futures and stocks at our Free Saturday Weekly webinars so sign up above and see you there

 

 

Posted in Blog, Charting & Analysis, Charts Tagged with: , , , , , , , , , ,