Although the shady business practices of Facebook and its founder have been attracting a barrage of bad press, the guys paid to keep the stock pumped have held it aloft for months. Its failure to fill a dramatic short-squeeze gap created on January 31 attests to the power these operators have to spin the news so that shorts are always on the defensive. FB has been in a holding pattern for two months, opportunistically awaiting the mildly ‘good’ news that would ram it up shorts’ wazoo. If it doesn’t come soon, though, DaBoyz may have to bring the stock down into the gap, since accumulation at current levels is growing increasingly expensive. In any case, no matter how we might view Zuckerberg and his methods, a thrust exceeding the 174.64 midpoint Hidden Pivot shown (inset; our minimum target for now) would put a target as high as 190.00 in play. _______ UPDATE (Apr 2, 4:02 p.m. ET): After taking a powerful, 3.30% leap today, FB stalled almost precisely at the 174.64 pivot before peaking at 174.90. Let’s stipulate that the stock close for two consecutive days above this number before inferring that a finishing stroke to 190.00 is a done deal.
FB – Facebook (Last:174.20)
Posted March 31, 2019, 5:06 pm
Tuesday, April 23, 2019
The consistent accuracy of Rick Ackerman’s forecasts is well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.
Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.
Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.
The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.
The next webinar will be held on Tuesday, April 23. Click below to register or get more information.
