Facebook just released positive earnings after market and I managed to buy last evening near the low. There were several key points I did while I was studying the chart for clues and cues. The daily chart has topish signal but did not crash. It also suffered profit taking but recovered and stayed strong. That was the first signal I wanted to look out for when buying before results. The 5 minute chart was even nicer. It was this selling ahead before results where panic retailers threw and my job was to find a goo entry point for hoping in. Near the low, there was some long bars down where retailers were throwing, it's a signal to pick up the shares since it touched a temporary demand.
Tonight, Facebook will be gaping up based on good earnings and my profits will escalate. Trading on earnings can only be a breeze if you study the chart with the BBs intention in mind. I had been trading based on earnings quite a number of times and had been quite accurate. Looking forward to predict the next stock.
Ron K - A Game Changer
