Facebook looks great right now, I have not traded this name before but the clear cup and handle on the daily is a great sign of new highs to come for this stock especially as it gets added to the S&P 500 and 100 indices, the cup has a height of approximately ($6 on the conservative side) giving a target of $60 from here, i expect some profit taking up here at these highs to form the handle with a large leg up on Friday to start the rally
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.