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
Previous resistance becomes support. FB target 133 and break of it --bloodbath
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...
there clear support from 127 extension,buy with book with soploss 140 and tekep profit 164.20
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.