Entry price: 337-342$
Target price: 377-384$
Candle pattern: Bullish Harami
Keltner Channels: the price beyond the lower band
RSI: indicator approached the 30 level, therefore the market is close to be oversold
Conclusions: RSI, candle pattern and Keltner Channels suggest the trend reversal. Thus, the long position is recommended in the support zone.
No financial advice
Entry price: 369-375$
Target price: 408$
Stop loss: 365-369$
Keltner Channel: the price is inside of the channel, approaching the upper boundary.
Chart pattern: symmetrical triangle
DMI: +DI line crossed -DI line from the below. Moreover, the intersection moment appeared above the ADX line what might suggest the bullish momentum of the price.
Such an impressive long trend on D1 chart.
I'm looking for long position from here with 50% volume, and after the price breakout to high point I go with the other 50% of my position.
Why like that?
Let's give you an example:
- I want to buy 10 shares of FB but right now the price is at important price, but my analysis say: Buy
- I buy 5 shares to...
= Inside an upward price channel on 1D.
= The highest uptrend at 4h.
= Exceeding a downtrend over 1h.
= The general trend is up.
= The secondary trend is also up.
= The rise will fail if it breaks 313.52.
Personal opinion = strong buy.
Also showing a hammer, impulse based off several weeks of cup/handle confirmation, 3-wave still in tact, higher lows, RSI space, top resistance meeting trendline in a fib manner, my favorite fact is that CITI group downgraded it to 320 exactly when it was .618 to the top of the trendline on its opening announcement. Time to go long.
NYSE:TWTR NYSE:PINS NASDAQ:FB Facebook is currently looking GREAT for a rally. It is currently bouncing off 200 EMA (very strong support), at .236 fib level (bounce region?), potentially breaking out of the bull flag pattern, 6 oscillator bullish divergence, AND Earnings on Wednesday? I smell GREAT chances for a rally especially with a lot of other Tech and...
Facebook has been consolidating for the past few months, showing lower highs since September 2020.
It is a troubled company last year facing lots of scrutinises from the gov.
However, if we look at the bigger picture, it has bounced a few times on the 200MA (disregard the March 2020 whole market correction).
We might be looking at a great long run if the price...
Hi friends. FACEBOOK in long position on the chart window. X-Lines script strong support at 249 and clear bulls target at 259. "Earned" script show big volume of solds under 249. And this solds was bought. So my opinion FB go upper to 259 for a first target.
Nice symmetrical triangle formed for FB here; consistently found support on the bottom upward trend line, likewise for the downward upper line (lower highs and higher lows);
26th Aug it hit its high of 304.67, 67 bps from the bottom trend line (the pink line), can see it jump around the same 67bps from where its at now
Fb's position has continuously not been...