+ Fundamentally strong with good Earning Report. + Formed Higher High and testing 152 resistance. + Price bounce and remain above EMA50. + EMA20 crosses above EMA50. + Another Buy signal appears on ATOM/Bollinger Band. BULL to not giving up testing the resistance. + Buying force has improved significantly.
- Price still below EMA200 (Long term still bearish) BUT it's turning where faster EMAs starting to cross above slower EMA.
I'm accumulating FB when price bounces from EMA50. Plan to accumulate more when price breaks above 152-153 (Support turned Resistance)
The stock has reached first target. There is shooting start on 19th Feb. Suggesting, that the price will test support at 150 range and go for 2nd target around 180.
Good Luck and you have started at right time by accumulating.
kgiap123
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@Balachandar, Right now the price is above EMA200 and seems like $160 is a good support.... Right now, the Risk Reward Ratio is very attractive. Can accumulate more and continue to add if price able to cross and stay above $165.
The stock has reached first target. There is shooting start on 19th Feb. Suggesting, that the price will test support at 150 range and go for 2nd target around 180.
Good Luck and you have started at right time by accumulating.