Updated
FB
My Tracking
This chart showing early consolidation/tightening range. But price action doesn't seem ready yet- expect sideways movement.
Emotions cooling off and direction being decided.
Less than stellar entires
1. Premarket at $172.50
2. added qty on successful retest of $175 at $176.20
Target Price
$200
A bounce from the Swing Low will happen with target of $200. All time high will NOT be tested- forming a lower swing high/ lower high. This will show distribution phase and the beginning of a long term correction for Facebook. Cause lets face it- Facebook sucks! Being super into Fb is socially lame, selling our data, and worse is my parents love it. time for some smaller plays to start taking over market share.
This chart showing early consolidation/tightening range. But price action doesn't seem ready yet- expect sideways movement.
Emotions cooling off and direction being decided.
Less than stellar entires
1. Premarket at $172.50
2. added qty on successful retest of $175 at $176.20
Target Price
$200
A bounce from the Swing Low will happen with target of $200. All time high will NOT be tested- forming a lower swing high/ lower high. This will show distribution phase and the beginning of a long term correction for Facebook. Cause lets face it- Facebook sucks! Being super into Fb is socially lame, selling our data, and worse is my parents love it. time for some smaller plays to start taking over market share.
Note
Peak volume stoped the movement. Tightening range Time to decide- BEAR FLAG or RSI Oversold bounce
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.