Hi Guys,
I bought some facebook stock on April 5th. It had a great run of 37% or so, until yesterday it crashed by 20%ish...I rechecked the technical and there is no negative indicators. What could I have done to prevent it from happening? I'm think maybe sell half at a target price. But how do I determine the target price? if I use swing rule in stan's book it's around 223+
Current Highest point + (Current Highest point - Next Lowest point) = approximately near term target price
In Apirl 5th, 186.1+(186.1-149.02)= 223.18
and the stock crashed at 218.62....
If I use closed high and closed low I get target 215, maybe that's better?
another possible solution is to sell half before their earning report if it reach approx to 223.18 with a +/- predefined range?
let me know what you guys think,
thanks,
ark,
