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| Think he's surprised. Shoulda seen Paige. She didn't know him. |
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| FB Daily Chart (10:50 EDT) |
The IPO opened @ 42.05 (the top white line) while the first bounce high was 33.45 (lower white line.) This looks like it could develop into a trading range or the stock may break higher and the upper line becomes support. Either way there are multiple trade opportunities depending on your time frame. I nibbled some Sep6 weekly calls this morning @ the 42 strike for .97. I am looking for the upper line to become support. If I am wrong I will exit and look for a trade in the 35-42 range.
