the start of an uptrend, a strong breakout of the VWAP combined with a large volume and also the breakage of the green line which represents the resistance this signifies a very important opportunity to buy this stock.
this facebook action has experienced a strong acceleration is donation an opportunity to buy, if you liked my analysis make a like and a comment...
The current upward channel has been good signs for you bullish bag holders as we did break higher overall.
We need to keep in mind of were we currently sit on the upward channel though.
3 previous touches on this level of Resistance signaled selloffs to occur.
The green horizontal line is previous breakout for a new high, we yet to retest that price.
1. Well Respected .618 Fib Retracement Level
2. Strong Support Level at 232.75
3. Cup and Handle Pattern Forming
4. Strong Candle Bounce Off of .618 Fib Level
5. $ES Futures Looking Very Bullish On 1H & 4H timeframe.
💰 LET'S GET INTO SOME FACEBOOK ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🤷♂️ Neutral
- 3day Chart
- Green Engulfing Candle
- 3/3 EMA DOTS Green
Facebook is sitting on a key level of Resistance but has not shifted on any indicators yet for the 3 day. Let it play out the rest of the...
🐻 Could be an opportunity for bears to step up as we approach a key upward channel Resistance level.
This is 4th time hit on channel Resistance and followed by a very strong extended rebound.
I'd look for a long term play on the 3day to turn over. Look for a lower low breakout to print on daily.
$240 is key Resistance price level.
The daily seems to be...
I had a request from a follower earlier today to review facebook stock, let's have a look 😁
We are traveling in a clear controlled parallel channel to the upside from the recovery of the massive selloff.
12hr and up are all firing green and now breaching the past the 232$ old Resistance and trying to turn it into new support. (Horizontal support)
We are also...
just notice double top RSI at 60 on monthly RSI.
after a nice bounce off 40, bull market RSI support, its now hit 60, formed a double top, or potential bear market RSI resistance.
Price action looks like complete ass.
Looks like a confirmed double top as well.
Looks like southern cross evening candlestick pattern as well on most recent swing...
Good Morning TradingView Family!
Today we are looking at the FACEBOOK stock on the larger timeframes. Please note that im not that much into stocks and most likely trade currencies!
But this longterm short setup got my eye. Price from FB did break through the 200 Dollar mark and now is consolidating. From this point on i really like to see a larger correction to...