FB results were not impressive and this created a hammer candle stick yesterday. The downtrend resistance is currently $ 341 and is strong, and further we have cloud resistance $ 332 as well.
For now, I feel it is sell even though we have the MACD being positive.
Strategy is SELL between $ 325-330 and place stop-loss $ 350 (leave some room). The profit order I feel somewhere $ 280.
For now, I feel it is sell even though we have the MACD being positive.
Strategy is SELL between $ 325-330 and place stop-loss $ 350 (leave some room). The profit order I feel somewhere $ 280.
Note
It appears FB price not updated and price is much lower at $ 249 I was told. so let's await the pricing when updated and then will update the analysis... thanks
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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.