Long
FB update 7/10
After a period of bearish trend, it has found the bottom around $23 range. After a period of consolidation around $23.50-$25 range, it is on its way back up. The MACD is looking bullish. I expect it to rebound to the $27-$28 range to retest the key resistance level there. If rejected, I expect that to additional downtrend. MACD at 0.4 is the key.
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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.