Bullish cross over of 50 EMA above 100 EMA, and the price has risen above the 200 EMA. We are actually seeing an ascending triangle forming, a breakout above will give some steam to the bullish move.
I drew this for my friend at the end on March, never looked at the chart since 2 days ago, and its playing perfectly ! Long term plays are less stress and more profitable if applied right :)
As you know I am learning the technical analysis and will be great if you give me some feedback. What do you think? So the 50 EMA shows me that we are in the downtrend still on the daily chart, but if you change the timeframe, you can see we have two 4hrs candles that closed above 50EMA. The RSI shows me RSI price divergence and Bullish swing rejection and I...
FB at resistance level, candles showing shooting star pattern, There is still a gap thas has not been filled between 154 and 159, we may go visit the area.
The weekly EMA 20, the red uptrend line and the 50% fib retracement level converge at 181-183 USD. After this retest a huge drop as a wave 3 might take place.
This is not a coincidence that FB has hold strongly its 200 SMA Considering we know already ad revenue will decline sharply in the short term while the social network usability will rocket so I believe all is factored in the price and in. the LT FB will benefit for its increase user base and active users base. Time to add to the first position built around the...
Hello traders, very strong support level raises our chances for a profitable LONG trade in the FACEBOOK market. NASDAQ:FB If you connect these points together, you will get the whole picture, what's happening in Facebook: PINBAR TRENDLINE POINT OF CONTROL ZONE VALUE AREA TRADING RANGE During this rough time it is difficult to follow the trading plan. BUT...
we must seriously think about taking our profit and especially if the next candle and green
FB seems to have finished intermediate wave 4 down of primary wave A. The next move should be intermediate wave 5 which should bring prices below previous wave 3. The probable targe is 1.618 size of intermediate wave 1 at US$133.56. FOLLOW SKYLINEPRO TO GET UPDATES.
In our view, Facebook will likely to test soon short term resistance in range of $169 - 170 in this week, therefore keeping an eye on this stock once show some sign of weakness then immediately close your position. #Stockiest91
Breakout to the south or fake breakout to the north to $180 and than to be sold out again?
View On China Stock Index (31 JAN 2020) Facebook was in the "too fast and too furious" movement in the last months and it may not be sustainable. It can be due to a decent pullback in the near term. So, I will refrain from buying in at this moment. I am expecting, it can go to $190 region soon. Let's find out! DYODD, all the best and read the disclaimer too....
The Facebook will complete the large corrective structure to provide a buying opportunity. Wave C could hit between 128.60 (C=A) and 102.60 (C=1.272 x A). Then the move up should resume. I will update this chart with the daily graph with more labels.