FaceBook Reaching Resistance Zone Short

Meta Platforms, Inc.NASDAQ

Description

⋅ Jul 2, 2019 3:27 PM

Short will be a good option at the level marked.

As per LongBuyLongSell Auto Scan Indicator has triggered fresh short in this time frame .

with the help of LBLS indicator , i check three basic yet effective rules for Entry.

short:

Make sure the candle color transitioned To Black; here it will touch the zone as it is in Blue .

The Main Script behind the Analysis:
tradingview.com/script/jU78tzAr-LongBuyLongSellIndicator

I would be happy if you give me a like,that way you get updates without miss as I post :)

Please don't forget to like if you appreciate this :) ;You can follow me to get updates.

Comments

ARCHIDUKE

⋅ Jul 2, 2019 9:30 PM

you gotta combine technicals with fundamentals tho, the way I see it , is this stock is on the verge of a breakout

MarxBabu

⋅ Jul 3, 2019 5:09 PM

@ARCHIDUKE, i do not see this as breakout

ARCHIDUKE

⋅ Jul 3, 2019 5:32 PM

@MarxBabu, Bra, you are in for a lot of pain ahead if you actually took a short position, in my opinion you took that short position too early and it doesnt pay to be a permabear.

MarxBabu

⋅ Jul 3, 2019 5:36 PM

@ARCHIDUKE, wait and check the price fall will come

Ekumbang

⋅ Jul 10, 2019 2:41 PM

@MarxBabu, Is it still a good option to short, according to you? Price is around 202 at the time of writing. Plase advise.

MarxBabu

⋅ Jul 10, 2019 5:41 PM

@Ekumbang, wait for reversal