We can enter longs here risking a drop to 128.33. As much as I dislike Facebook, this setup looks very goood, and can lead into a sizeable move to the upside. Good luck!
Ivan Labrie.
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Target is 138.77, you can add or get in if we get a dip to 129.72. If not in, you may also buy at the open, or on a new daily high with the same stop (128.33 or 128.03)
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I think Workplace has good odds of propelling FB higher from here onwards. It's off to a good start for now, and the technicals really validate this idea. As a bonus, I feel terrible going long FB, which probably means it'll be a great trade.
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I don't like how far it dipped today, might stop us out.