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FACEBOOK - Still in positive trend - short and long term view.Facebook is a stock with strong fundamentals and zero debt. Irrespective of some bad news recently, the stock still rallies in the upward trend. I have seen the weekly chart which shows since 2013 the stock is on the upward trend and moving above the 100 EMA consistently. The chart respects the strong support pink line and on july 2017 it broke the green resistance line. During nov 2016 it retraced to 38.2% and in march 2018 it retraced 50%. In these cases, it respected the strong support line. 1] The retracement may take a support at the green line and bounce back from the 180 level. 2] Incase, it breaks the green line and falls down it could respect the strong support of pink line and then bounce back. 3] IF it breaks the pink line of support then big reversal could take place. Mark 160-155 final stop loss. MACD is positive above the zero line and bullish crossover is maintained. The fall can't be predicted. Overall, it's a long trend and with good opportunity to buy shares at a discounted price. Good time to buy when bounces back from green line or pink line. Keep a watch on this stock.
NASDAQ:METALong
by netzsavvy
NCC gearing up for a big upside move (Buy setup)NCC ltd seems to be gearing up for a big upside move as seen on the monthly 5 year chart. The chart structure on log scale looks like a "V" shaped Cup n handle pattern and the neckline is around 118-119 levels. After failing to breach resistance level of 118-119 in April 2015 it underwent a correction and found support at 55 level, post which it has been making higher lows as seen on the monthly chart. In October 2017, it breached the neckline resistance and closed at 123.10 level signaling stronger momentum of Bulls. Higher volatility is expected to be generated in this security in the coming days as the bulls and bears battle it out. Currently, the Bulls are leading. Trading Strategy :- Buy setup Buy @ current level of 122-123 Target price - 150 Stop loss - 110 Reward / Risk - 2:1 Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.
NSE:NCCLong
by wildwildmoney
UBL: Stretching Up in a Complex SetupBefore trying this idea it should be noted this is a high risk long trade setup. The price has been rising up inside a main uptrend channel and currently just tested the baseline of this channel and tending to move inside an another baby channel. I would like to buy as close to the baseline of the baby channel as possible. There would be a breakout situation beyond 1135, where the Bat Action Zone would be triggered. It may take the stock as high as 1173 which is the PRZ as well as a previous resistance zone. I ll take PP @ 1160. Always follow your trade management rules before trading my ideas. Trade safe, stay healthy. Do hit the like button, b'coz you know why :) Regards Bravetotrade
NSE:UBLLong
by Bravetotrade
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