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🤔 Facebook Resistance, Keep Eye On It... (FB)🐻 Could be an opportunity for bears to step up as we approach a key upward channel Resistance level. This is 4th time hit on channel Resistance and followed by a very strong extended rebound. I'd look for a long term play on the 3day to turn over. Look for a lower low breakout to print on daily. $240 is key Resistance price level. The daily seems to be attacking multiple times but getting rejected. Keep an eye on it. Great time to look for a solid play.
NASDAQ:META
by UnknownUnicorn2319099
2
FACEBOOK - Communication is not subject to crises!Good day to all! An interesting picture is obtained when analyzing the shares of the well-known company FACEBOOK INC. The price of the stock has been moving in the flat channel since 2016. As you can see on the chart, nothing terrible during the stock market crash in 2020 did not happen with the stock price. All within the channel. Price pushed off from the upper border and moves to its lower border. The correctional movement ABC is formed. Levels are shown on the chart. Also seen is the formation of a double top. But it will be possible to consider this option in case of breakdown of the lower boundary of the channel or the level of 116.64. In this case, the price will continue the downward movement to the level of 28.43. Most likely, this option will be possible with global changes in this company such as: the exit of investors, the main owner or something else that could lead to such a drop in the share price of a high-tech company, a service that is even more relevant during the global epidemic and quarantine. According to the indicators on the daily timeframe, the price has adjusted, but remains in the oversold zone, the continuation of the downward movement is possible. Thanks to all my subscribers and readers for your attention! 🙏Your likes and comments motivate me to give you more accurate information and analytics. Success and profit!🤑 Don’t leave without like and comment, and if you liked my analytics sign up and you definitely won’t miss anything! Disclaimer! I do not give entry and exit points. I share with you my opinion and ideas, which may differ from yours.
NASDAQ:META
by CryptoYanina
1
FX @ daily @ 119.25 make or break line unti end of this year `16119.25 is the make or break line, in my opinion @ until end of thuis year 2016 Why? `Cause prices above 119.25 are completing and confirming the w-trend-reversal-wave - under the gap (last 25 trading days). Support lines under the make or break line by around 119.25 are 115.22 & 114.00 price are, which both are even manifesting the w-wave! Independently, if the make or break line more or less by 119.25 holds next week, much more importnat is that until the end of year traders don`t trade under 113.55. Because at prices above 113.55 (and 114 & much more 115.22) it should only be a quest of time when the traders are buying/selling this share above 119.25 and higher again ... 122.10 is the 1st target for bulls 122.98 is the 2nd target for bulls 124.61 is the 3rd target for bulls But recapturing the GAP of last month is the main scenario for bulls 123.28 lower edge of the GAP 126.28 upper edge of the GAP `Cause if the bulls win back above 126.28 at least, it should only be a question of time when we trade FB share to new all-time highs - even 133.50 and higher ... I am still neutral, `cause my last trade was squeezedOut. Also i don`t have a good feeling, although i am liking what i am see! How ever, if this week we`re trading above 119.25 maybe i`ll go long over next week :) Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
NASDAQ:META
by Devise2Day