FB LONG Position: LONG
Entry Price: $324.61
Target Price: $395.00
Stop Loss: $320.00
MACD line has connected with the Signal Line. This means that there is some positivity in the market pertaining to whether to buy or sell FB.
RSI shows that FB is not overbought or oversold and hence indicates a stable for the stock. Hence, it is expected that this direction of the trend is maintained.
ADX is currently at approximately 32 (a number this high means that a strong trend is being maintained and is expected to continue)
Conclusion: A long position is recommended as the general trend seems to be bullish over the past few years and it is expected that the stock follows the same channel in the long run.
no financial advice
