Facebook has formed an interesting topping pattern near Q1's high. Recent price action in the daily, justifies at the very least a retest of the 108-106 zone, but if this level fails to hold, I could see FB trading closer to the 100 even handle in the near future. The rally off 2016's low has been intense, and hard to catch up with for eager longs, as well as...
HTTPS://WWW.TRADINGVIEW.COM/CHART/P5FDMLP9/ If we are creating lower lows and lower highs, we are at the beginning of a new channel Bearish in my opinion
Facebook will likely be up a little tomorrow then a sharp down move is expected on April 7 to reach support level @ 108.38. The spirals are there to see if they will act as support / resistance. Use the screenshot below to adjust the scale: Cheers, Keops
Short unless it brakes up. Then wait RSI to confirm how stupid the price action is and short again...
PE pretty high now, people get nervouse in front of earnings, big support at 108 ish..
FB has completed the bearish gartley and might be a nice short setup. Above median of ascending channel.
Long Facebook until it reaches 111.81 this Friday then short until next support zone around 107.65 Static screenshot:
Rejected at 110.5 rally Leaf pattern on the daily (3 consecutive lower lows and lower highs) S&P looking toppy back into 2000 level
Based on trend of the last week it is projected that FB will reach $107.75 by the end of next week. Ranked number 1 in Investors Business Daily. If the stock dips early in the week I would be a buyer at 102.5 and set a stop loss under $100.
»4XSetUps trading Capabilities« 117.61 $ 3. Target (15.64 $ Chance) 109.46 $ 2. Target (07.49 $ Chance) 104.76 $ 1. Target (02.79 $ Chance) 101.97 $ last Price 096.79 $ last Support (7.97 $ Risk) You can use the support levels as stop-loss price level. And alle 3 targets also even as take profit price leves too, if you want. But take care! Think about it...
»4XSetUps trading Capabilities« 117.61 $ 3. Target (15.64 $ Chance) 109.46 $ 2. Target (07.49 $ Chance) 104.76 $ 1. Target (02.79 $ Chance) 101.97 $ last Price 096.79 $ last Support (7.97 $ Risk) You can use the support levels as stop-loss price level. And alle 3 targets also even as take profit price leves too, if you want. But take care! Think about it...
Through the week before the last Annual Report - and the breakOut after publishing - the FACEBOOK share created something like a short-term upside trend @ based on January lows (round about 90 USD). As long 90 USD are holding FACEBOOK sharesd still in a long term technically upside trend The fact that the short-term upside trend broked dont panic me. Much more...
117.61 $ 3. Target (15.64 $ Chance) 109.46 $ 2. Target (07.49 $ Chance) 104.76 $ 1. Target (02.79 $ Chance) 101.97 $ last Price 096.79 $ last Support (7.97 $ Risk) You can use the support levels as stop-loss price level. And alle 3 targets also even as take profit price leves too, if you want. But take care! Think about it - and create your own opinion!...
117.61 $ 3. Target (15.64 $ Chance) 109.46 $ 2. Target (07.49 $ Chance) 104.76 $ 1. Target (02.79 $ Chance) 101.97 $ last Price 096.79 $ last Support (7.97 $ Risk) You can use the support levels as stop-loss price level. And alle 3 targets also even as take profit price leves too, if you want. But take care! Think about it - and create your own...
Price action has worked pretty well in facebook stock for quite a while. The price above the 200 MA indicates that price is in a bullish momentum ( attention: this is for the long term, so is the "momentum" word refered). Target price is set at $110 area. ---DO: R/R: 1:2 or more. ---DO NOT: Risk More than 1 or 2 % of youre account balance. ---DO NOT : Jump in the...
Can potential test previous resistance as support, i am slightly more neutral to bullish.