This Is The One Reason I Shorted Facebook Today $FB

[Verified Investing]

acebook is a great company and makes billions-of-Dollars a year. The fact that I shorted it changes nothing in regards to its king status. As an investor, I simply look for near-term opportunities where a stock is going to drop or pop and swing trade accordingly. This is one of those situations on Facebook. I strictly focus on logic and stock charts so as not to let emotion get in the way. The Facebook chart hit a key trend line today that has a history. This history dicates that every time it hits this line, it pulls back. Therefore, I am utlizing that knowledge to short it. Note the chart below. I love the resistance here at $130.00 and expect this to be a near term top for the stock.

 

By Pro-Trader

Annabelle Trader