InvestingScope
Long

Facebook: Long term Buy Opportunity. Two levels to watch.

NASDAQ:FB   FACEBOOK INC
Facebook has been trading within a long term 1W Channel Up ( RSI = 53.674, MACD = 5.760, Highs/Lows = 0.0000) having only recently made its Higher Low. Technically there can be room for one more minor pull back near the previous Low as the current candle sequence resembles that of February 2019. If however the 1D MA50 breaks (blue line) the pull back bias are invalidated and the 1W Channel Up can continue rising towards a new Higher High. Our Target is 220.00.






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