FACEBOOK Crazy Idea 280SWING ON FACEBOOK
You cant cuck the Zuck usually.
Good news may be coming, and the competition to buy a fading app (TikTok) while FB is investing (without paying ludicrous amount of money) in their own can push the price up this week.
Price is squeezed....but no much volume in the market.. when it will be back we are going to see a nice swing imho.
Watch out for Market Crash
Stop loss 1% under current price or when break the below structure.
PRICE TARGET 1 274
TARGET 2 280 if SP500 continues the bull run!
RELIANCE KEY LEVELS SUPPORT AND RESISTANCE 16/06/2020 TUESDAYKey Levels for RELIANCE INDUSTRIES : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1616.20
FIRST TARGET~1623
INTERIM RESISTANCE~1631.70
FINAL RESISTANCE~1639.70
LOWER BREAKOUT~1604.85
FIRST TARGET~1596.50
INTERIM SUPPORT~1587.80
FINAL SUPPORT~1579
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
RELIANCE KEY LEVELS SUPPORT AND RESISTANCE 11/06/2020 THURSDAYKey Levels for RELIANCE : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1580.50
FIRST TARGET~1588.30
INTERIM RESISTANCE~1600.20
FINAL RESISTANCE~1616.50
*******************************
LOWER BREAKOUT~1569.80
FIRST TARGET~1562.50
INTERIM SUPPORT~1555.15
FINAL SUPPORT~1544
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
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.