Long
FB stop hunt, so now it is strong
FB had a fast move down to stop out late longs for the next leg up on the 30 min and it was re accumulated at the 200ma by institutions. This is a very strong buy signal for me because the rejection off the 200ma was so quick and is a retest of the previous value area's top edge. This should make new highs with the strong stock market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.