Rare setup of Gann box with speed resistance angles, Fibonacci price extension and time-zones based on last up move. These trend-lines are very powerful to scalp.
The Company has gone its worst quarter in PR disaster but it is still a mainstream advertising platform because if you run an an ecommerce business you know the impact of facebook, instagram and whatsapp! - All owned by this giant.
Expecting a sharp appreciation.
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...
After data privacy issues, Facebook had a tough time. This may impact on the stock price. Hence, stock is expected to fall up to $192.
Any price fall below $192 will take the stock upto $167.
Facebook (FB) is poised for a technical pullback. A failure swing is observed. RSI is seen marking a higher bottom and is inching upwards. A technical pullback up to 180 cannot be ruled out.
