Hello!
We see that there is a downside channel in FB stock. For the ones who ask the entry level to that stock is around 357$
Why?
1. We should be sure that the downtrend is over (Above the blue channel)
2. We should believe that the resistance area (red area) is broken upwards.
So, do not hurry to go long for facebook, just wait the right time.
Stay safe!
We see that there is a downside channel in FB stock. For the ones who ask the entry level to that stock is around 357$
Why?
1. We should be sure that the downtrend is over (Above the blue channel)
2. We should believe that the resistance area (red area) is broken upwards.
So, do not hurry to go long for facebook, just wait the right time.
Stay safe!