Deftsuo

Facebook's 200 day MA may serve as a bounce point around $192.

Long
NASDAQ:FB   FACEBOOK INC
Taking a look at Facebook ( FB ), we can see it is currently getting sold off quiet viciously. However, there may an opportunity for a trade if price pulls back towards the 200 day MA in red which has served as an important support point twice in recent months. This 200 day MA in red may serve as a base as it has in the past. Just something to keep your eye on.

200 day MA in red is currently around $192.

MA Guide (All Daily for this post):
21 EMA in Purple.
200 MA in Red.

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Comment:
Comment: Overshot it to the downside, but had a pretty swift recovery back up just underneath the 200 day MA in red. Reaction next week will probably give us a better idea of whether or not price plans to reclaim that 200 day MA in red as support for a third time:
Comment: Not the greatest signature on FB here. Failed to regain the 200 day MA in red. May be suggesting more downside is to come:
Comment: However, turning on the daily 377 EMA in Grey; price is still holding it as support:

Comments

When do you see this dip happening?
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