FB seems to be getting out of favor with advertisers and the trend is picking up momentum.
After testing the 50MA on the daily on increased volume FB could attract technical traders looking for a swing trade.
FB could test $232 on a upswing , that will coincide with resistance of what I call : time and space zones( more on that later)
A rejection from $232( mostly based on weekly charts) could provide a chance for the bears to go short with first target being the support of channel at around $202.
That will roughly coincide with the 200MA and a strategic place to close a short position and wait.
These number might change as time progresses and entry and exit might be affected( although not by much ) as the weeks go by.
R.I.P( Research Invest and Prosper)
After testing the 50MA on the daily on increased volume FB could attract technical traders looking for a swing trade.
FB could test $232 on a upswing , that will coincide with resistance of what I call : time and space zones( more on that later)
A rejection from $232( mostly based on weekly charts) could provide a chance for the bears to go short with first target being the support of channel at around $202.
That will roughly coincide with the 200MA and a strategic place to close a short position and wait.
These number might change as time progresses and entry and exit might be affected( although not by much ) as the weeks go by.
R.I.P( Research Invest and Prosper)