FB - The sky is the limit...
Hello Everyone! It seems now long time ago I wrote about FB trying to breakout at 241 USD (it was just June...) and we find it today above 300 USD...!
Aldough I believe that this company has all good cards to reach 1 T Dollar of capitalisation in the near future, does not mean it will reach it the next days.
Market goes in waves : waves up and waves down, a correction is more likely when price is far from its 20 sma, like it is today.
Of course this strong trend which pushed all FAAMG to new all times highs during these most recent sessions might continue for a while, how long is hard to predict, anyhow I start looking south direction, regarding FB I am watching three levels : 20 sma, 50 sma and the gap left open at around 235.
These are the levels where I will likely think to add more shares (if reached) and/or using options for trading, leave a comment if you wish to do that in the section below and...may the market be with us...!
Aldough I believe that this company has all good cards to reach 1 T Dollar of capitalisation in the near future, does not mean it will reach it the next days.
Market goes in waves : waves up and waves down, a correction is more likely when price is far from its 20 sma, like it is today.
Of course this strong trend which pushed all FAAMG to new all times highs during these most recent sessions might continue for a while, how long is hard to predict, anyhow I start looking south direction, regarding FB I am watching three levels : 20 sma, 50 sma and the gap left open at around 235.
These are the levels where I will likely think to add more shares (if reached) and/or using options for trading, leave a comment if you wish to do that in the section below and...may the market be with us...!
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