robinkbrown

robinkbrown Updated 

With the top and bottom lines of the Bollinger Band turning inward is indicating that the price is entering a contraction/consolidating pattern. The weekly Bollinger Band midline is in a downward direction suggesting that underlying trend is down. When the contraction pattern ends, the price will move in the direction of the midline of the Bollinger Band. What to...

robinkbrown

Triple bottoms highlighted in yellow. Short entry at $183.10 Profit target $160 SL $189.20 I'll be looking at the GOOGL $182.50 Put 2/28 which is currently $2.39.

robinkbrown

Decreasing volume with the tighter and smaller candles indicates that supply is not present at this price level. This is not a recommendation.

robinkbrown

The most recent supply zone, the 50 EMA and the Fib .50 have all merged into one area. Earnings reported on Friday beat estimates, RSI is showing strong momentum, so I placed my target at $47.30 this week (10/17/22 to 10/21/22).

robinkbrown

NASDAQ:FB