Sell on 1 hour chart
Sell on 6h chart
Buy on 1 day chart
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
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.
I came up with this theory with Apple and back tested it with Facebook to see if it would come to an are of significance again like it did with Apple. If you take the average price drop between the last 2 major corrections, 2018/1029 and the beginning of coronavirus pandemic, you get about 90.64. If you subtract that from Facebook's top at about 250.1 you get...
It can be seen that there are two bearish scenarios in play with a rising wedge that may breakdown
Also an inverse H&S that is yet to complete its right shoulder
However a bull flag has also formed
Bearish move seems logical.
FB wave (5) rally in progress with more push higher towards $256 to then complete wave (5). We are looking for wave (5) to fail into 256 resistance setting up for a corrective wave lower back into the low 200s.
Facebook Inc price has been ranging for a while. Now we can observe that has broken some important historical supports.
Different support for different acceleration or slow trend of the market.
The market has been bouncing several times in a uptrend currant to slowly find highs and trending horizontally.
Last week, we have observed a break down of the support...
💰 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.
$240 is key Resistance price level.
The daily seems to be...
As our last Facebook stock analysis said, this stock is in a growth path. Investing in Facebook is still a good choice for the long term.
Each time the stock breaks or touches the support it takes an increasing trend, for both long and short terms
I had a request from a follower earlier today to review facebook stock, let's have a look 😁
We are traveling in a clear controlled parallel channel to the upside from the recovery of the massive selloff.
12hr and up are all firing green and now breaching the past the 232$ old Resistance and trying to turn it into new support. (Horizontal support)
We are also...
Like Good and TSLA, FB is also in a short. Like many of the Tech Stocks, it has broken the 61.8% fib line and have retraced up to the 78.4%. The current setup is similar to the highs of the year . . . we are at the beginnning of the end of this deadcat bounce. Failure to go straight up from here will usher in lower prices.