Technical dips in FB best be IGNORED...they are fake outs designed to SUCKER short players
As FB has broken through key resistance points, a WAVE of PANIC BUYING must ensue, based upon one GAP UP move after another.
The forever slimy FB specialist will contrive little dips along the way to continue SUCKERING short players, particularly to con them into buying what will prove to be WORTHLESS PUTS.
In populist terms, it's known as HOT MOMO and the long purchase pressure is far far far far outweighing any selling pressure. It is even possible that a BREAKAWAY BULLISH ROGUE WAVE could break out in which the stock literally DOUBLES in only a mere 10-20 trading days. Certainly NOT impossible, whenever PANIC BUYING creates one GAP UP after another..
Lets get one thing straight. Most of the market is moved by the big guys.
You are also reading too much and digging up obscure trading methodologies at least to the equities market. This is term has been used in the precious metals and currencies market and it still is pretty obscure.
Populist is a political party.
With everything else aside, there is no way for a stock like FB to double in 10-20 days. Quite frankly, I don't know where you are coming up with this stuff. For the most part it is impossible. The retail buyers could not make a "wave" big enough to move the stock that much and the institutions are just way to smart to panic buy.
Insect, I'm not trying to put you down. I hope that you are not buying way out of the money options and hoping to hit the lottery. I know people who have lost spent their living expenses, lost their inheritance, ans gambled all their money on far OTM options. It is a gamble to get a lottery payment. Eventually it gets all people. If you want to speculate, do it with a small amount of money. That is my lecture for the day. I have hit the options lottery before but I lost far more than I gained. I am now prudent with my trades and I don't touch far otm options. I also don't shoot for wild targets.
Good luck I hope you do well and I really do hope you do well.
Again, given the massively bullish technicals, every single FB dip is nothing more than an artificial contrivance by the oily specialist and various slimy funds to scam shorts into picking up more ultimately worthless PUTS and other misguided short positions.
But with liquidity constantly pouring into the stock, neither the oily specialist nor slimy funds can keep a sustained cap upon FB now.