'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Friday, May 18, 2012

Facebook Trade Setup

Facebook (FB) IPO started today in the Nasdaq.

To trade or to buy shares with the hype, wait for a while when the market settles.

Shown is the 5-min. chart wherein the best entry is at the lower arrow.

The best price to enter is at $38.40.

I suspect it will go up in the days (or weeks) to come then it will fizzle for the participants will take some profit.

The best bet for the long term investors is to wait for a week or so to get involved with this hype.

Personally, I won't get involve with the hype as a long term investor, but to trade it is the best way to get involve.