Fairly well hated at this point and left to drift but I see two opportunities here. One would be a double bottom; shake out the weak hands and take out the stops below the earnings low then reversal. The other would be to buy just above the 78.6% "death fib" with a stop below that. If it takes out 78.6% odds are extremely high the low will be challenged and maybe, as FB was, taken out before ultimately reversing course. Either way above, your risk is defined. I have an alert in @ 47.74 and will risk $1.30. It still has that gap from earnings to fill. Who knows but I like the risk/reward if that were to be the case.
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