FB Trade on Oct 31, 2018 10:06 from boldandnuts: Tradervue User Stock Trades.

Trade#2 in FB for a Backside-Trade

FB consolidaded around the EMAs and VWAP to finally break out. But with hesitatioin. The next resistance I had down was 157.30.

When FB made a quick move up above 156 into its .40s but could not make it above .50 I got interested, but watched how the pullback would play out.

$FB pulled back below 156 and all attempts above that level were rejected. so I gave it a stab on the third attempt for a partial just to build a position and add higher into resistance.

For a moment I thought that's what will happen, but suddenly FB rejected and pulled hard with the market.

My first partial was a bit early. The drop was quick ans severe and I thought FB would immediately bounce. It didn't. Below VWAP and the EMAs I took another to leave the rest to play out.

I thought about adding back at 156 but hesitated as I did not want to build another position. Already was going to finish the day soon and just watched it.

FB sold off further respecting 156 retest. Took it off to call it a day.