Hi,
On the weekly we see that
FB is trading in a channel that started in 2019.
It recently bottommed at 245 and therefore I am expecting a huge move to 300+ ranges.
Also we see a double bottom pattern.
DRSI:
Looks bottomed at 50 levels.
OBV:
Divergence (lower price, higher volume)
Fundamentals:
Fair value 300-350.
Entry:
250-262
Target:
320
SL: 240
GL trading.
Mouzy92
On the weekly we see that
FB is trading in a channel that started in 2019. It recently bottommed at 245 and therefore I am expecting a huge move to 300+ ranges.
Also we see a double bottom pattern.
DRSI:
Looks bottomed at 50 levels.
OBV:
Divergence (lower price, higher volume)
Fundamentals:
Fair value 300-350.
Entry:
250-262
Target:
320
SL: 240
GL trading.
Mouzy92
Trade closed: target reached
Taking profits. Congrats to holders.
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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.
Disclaimer
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.