After a steep 62% pull back of the AB swing up, Facebook has since started to rebound followed by a relatively shallow 50% pullback of the recent CD swing up. We now have a mini (3 candle) Morning Star pattern that signal the uptrend is likely to continue.
Go long as it breaks above yesterday's candle close @ 263.8 with initial stop @ 254 (a few ticks below the morning star's low) with a potential to rise back to the last high of 303.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Go long as it breaks above yesterday's candle close @ 263.8 with initial stop @ 254 (a few ticks below the morning star's low) with a potential to rise back to the last high of 303.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.