Hi traders! Looks like Facebook right now is trading inside an ascending wedge towards earnings announcement day.
We will have to wait and see if continues to respect it in the next 20 trading days. Considering this data it would not be a surprise if Facebook gets to the 360 ish mark by then. However, sharp ascending wedges like this are difficult to maintain...
Hi guys! looking for feedback on this idea.
Based on the bullish news ( 22B contract) I think MSFT is going to continue its uptrend direction. MACD and RSI look like they still have room to go to the upside. However, short-term traders should be careful if planning to enter Monday as we might see a retracement following all-time highs from SPY, which usually...
