Another opportunity to short FACE today. Yesterday there was a huge rally, taking it above of the bollinger band (not shown in the graph below)) and way out of the channel on the FinViz chart. I don't believe this is start of a bigger rally for FACE, so even if there is a longer term rally happening, this trade still has a good potential to make some money within a short time frame when the stock corrects down to a more reasonable price level within the channel. I think this trade is more likely to follow the pattern of my previous FACE short sale on March 3.
Target between $4.60 and $4.20, over next 5 days.
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