Seriously, take a look. The stock spent the entire day so far within a few pennies of $140.00.
I'm not trying to start an argument about whether technical analysis is a valid trading strategy - I could probably take both sides of that debate anyway. I'm just saying that while it sometimes gets dismissed as a kind of numerical voodoo, on a chart like today's $FB it's pretty obvious to see that the market gives respect to some round numbers. I emphasize it may still be difficult-to-impossible to profit from this phenomenon, but knowing is better than not knowing, right?
Submitted March 16, 2017 at 02:11PM by msnf http://ift.tt/2nJxRxF
