In continuation to my previous entry for FB. This reflects the best case of 20 dma and 50 dma crossover. Also MACD positive divergence. I am bullish with target price of 58-59.
Best Possible setup in terms of risk reward. Entry of the week.
MACD, Stock(14), Stock(40) turning up.
Just place stop @ todays low.
Beautiful Chart formation Inverse H & S formation target stands at 58. Also if you see 38 listing price less 17 lows = 21 and if you add 21 to 38 gives you a target of 58-59.
There is a flag formation on a 30 min chart. I will be a buyer close to the lower end of the flag with supporting scholastic and MACD.
FB has not only filled the gap but also entered to its ascending channel. It could hit $47 before move higher.
Watch out for this stock, a very good combination case of fundamental and technical. This could a multi-bagger idea.
This is a 30 min FSLR chart where is shows inverse head and shoulder also it is showing a break of sloping trend line. This inverse shoulder gives a target of 49.
This is a 30 min chart for FB, where it has shown an increasing wedge. This break in either direction could give 7-10% rally or breakdown.