If there is a retest in the 273.75 - 274.15 range I will enter long with my first take profit being in the 279.00-280.00 range.
If it breaks 274.60 I will short FB when a lower high form on the downtrend, my first take profit being from 269.00-270.00.
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 yellow line is the main line for Facebook since 2013, The dotted resistances and supports traced the important B point of the pattern.
The latter candles (3 weeks) tested the 0.618 Fib level. There is still some potential that the market would reach the D point, then a correction or profit taking will lead the prices to the blue dotted line as a target (which...
FB is consolidating rn, If you get any sign that its going for my long target: $278.55 then get calls, if it goes down from consolidation its going for $252.24 at the 200 ema, if it breaks from there $235 area to fill gap is next.
DM me if you'd like to join a free trading group or have questions, we are just starting up and need some traders to help liven it up.
I had a request from a follower earlier today to review facebook stock, let's have a look 😁
We are traveling in a clear controlled parallel channel to the upside from the recovery of the massive selloff.
12hr and up are all firing green and now breaching the past the 232$ old Resistance and trying to turn it into new support. (Horizontal support)
We are also...