Equity Oracle: 09/13/2012

The first time we traded Facebook it didn’t work out so well and we wound up getting stopped out. Fortunately, we used the 1% rule for managing risk so it wasn’t that bad of a hit. The stock has finally found a level of support
that I think we can count on which is why we are moving back into FB. The stock is showing a slight bearish engulfing pattern today so you don’t have to rush into this position. Take your time and wait for the green candle to form between the $20 and $21 level.

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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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