FB Price tested the broken trendline.
A Bearish Flag pattern is being formed on the H4 Timeframe Chart.
Potential short opportunity and the targets are shown on the chart.
Cycle Sniper Indicator is confirming the bearish continuation:
Screenshot : prnt.sc
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...
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 called out FB Puts on Nuly 1st in the group chat when everyone was thinking Stonks only go up, but say FB has 3 consecutive green days, and knew it will have to come back down soon, because thats logical, I called puts at about 238 the target for it is still 222.26 because there is also a gap that has to be filled.
The group chat is having a 20% sell for the...
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