Having some great discussions and feedback from friends connected with in TradingView.
Indeed many issues surrounding FB and likely more to come. However, these may be short term issues and as investors we should have a predictive view based on what we read, see and analyze.
The RSI on weekly chart is very low (and sure can always go lower) and same for daily chart. That s why I prefer small scaling in to the position and using low leverage to ensure I obtain right average, and this case low leverage and reasonable average as well.
For those LONG already, add $ 200-210 area and again $ 175-180. Profit objective is unchanged $ 285-300. I do not use a stop-loss currently due to the low RSI and shape of pattern, i.e. likely a false bear flag pattern that has a large gap as well. For those applying stop-loss (am not against using it) I suggest $ 160.
Indeed many issues surrounding FB and likely more to come. However, these may be short term issues and as investors we should have a predictive view based on what we read, see and analyze.
The RSI on weekly chart is very low (and sure can always go lower) and same for daily chart. That s why I prefer small scaling in to the position and using low leverage to ensure I obtain right average, and this case low leverage and reasonable average as well.
For those LONG already, add $ 200-210 area and again $ 175-180. Profit objective is unchanged $ 285-300. I do not use a stop-loss currently due to the low RSI and shape of pattern, i.e. likely a false bear flag pattern that has a large gap as well. For those applying stop-loss (am not against using it) I suggest $ 160.