SWING 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...
Price was rejected multiple time on 15 Min chart. On fourth arrival sort in 3 min after bearish engulfing candle. TP opposite Demand Zone.
Until the price reached 220, it's quite ambiguous whether it will go up or down, 100EMA usually strong resistance and buy from here, On the contrary it has seen the reversal from uptrend and all-time high is $245. Go for Long if it touches $220, if the daily candle of 30/06/20 goes bearish, its indication of Downtrend momentum.
Facebook CEO Mark Zuckerberg got richer by $30 billion in two months
Looking to buy this stock above 201.60, stop below 199, target 203,206,209 NASDAQ:FB
disclaimer... not an investing/trading recommendation
Buy above 178.68 ( If 2nd candle green and break previous candle ) Trg1-179.8 ( PROFIT +1.12 ) Trg2-180.4 ( PROFIT +1.72)
FB formed a double Bottom from 11/18 to 02/19 which was confirmed by the succesful breakout on 14 january. Fueled by the earnings Reports on 30 january FB had a big upside gap. Now we have breakout of the consolidation and so we have further updside potential. Profit Target 215$, Stop loss 165$ 2:1 reward : risk ratio
I am bullish on the counter till its holding 115, sl fir me is 115 while upside i see upto 160 zones
FACDEBOOK FINAL PHASE OF CORRECTION , MAY BE