Equity Oracle: 07/19/2012

As an investor, I wouldn’t touch this one with a ten foot pole, but as a trader, I’m liking Facebook for a short-term pop. We finally have enough price history in this stock to get an idea of where the buyers and sellers are stacking up. There is support around $27 and from the looks of the hammer pattern on the candle charts it looks as though the buyers are starting to move in.

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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