Members Trade Alert: $FB

BotTrigger Trade Update: $FB buy @ $154.28 a 5% allocation. Facebook has been building a u formation for the entire month of May and we see it now starting to break above this pattern. The U represents a peak on the left side, that retraced and created a bottom trough. That bottom area was absorbed and made it's way to the very top creating the right side of the U pattern. So the retest of the lows and then that bounce off the lows is what further validates the move. This is pattern cultivation 101. If you want to know where a stock is going, look at where it's been. The tale of it's future is in it's history. These are axiom laws that play the same tune in the stock market over and over again. We've seen this with BABA TSLA AAPL CMG and many others. We're made the mistake of selling Facebook around $136 area a while ago. We're getting back long as this pattern suggests FB is yet again setting up to go higher