FB Potential Short
FB has been on a down trend as evidenced by the dotted line.
Additionally, I've selected three significant levels.
273.50 is the resistance because below this price is when the down trend started.
269.50 is the support, and the current trading price of FB over the weekend
265.70 is the previous support where FB found some strength in the past.
If FB hold below 269.50 I will most likely get short with a target of 265.70.
If FB doesn't hold below 269.50, I will wait to see if it holds the down trend.
If FB breaks the down trend and holds above 269.50, I will consider getting long, also looking at the overall market performance.
Additionally, I've selected three significant levels.
273.50 is the resistance because below this price is when the down trend started.
269.50 is the support, and the current trading price of FB over the weekend
265.70 is the previous support where FB found some strength in the past.
If FB hold below 269.50 I will most likely get short with a target of 265.70.
If FB doesn't hold below 269.50, I will wait to see if it holds the down trend.
If FB breaks the down trend and holds above 269.50, I will consider getting long, also looking at the overall market performance.
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