Facebook's 200 day MA may serve as a bounce point around $192.
Taking a look at Facebook (FB), we can see it is currently getting sold off quiet viciously. However, there may an opportunity for a trade if price pulls back towards the 200 day MA in red which has served as an important support point twice in recent months. This 200 day MA in red may serve as a base as it has in the past. Just something to keep your eye on.
200 day MA in red is currently around $192.
MA Guide (All Daily for this post):
21 EMA in Purple.
200 MA in Red.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
200 day MA in red is currently around $192.
MA Guide (All Daily for this post):
21 EMA in Purple.
200 MA in Red.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Note
Note
Overshot it to the downside, but had a pretty swift recovery back up just underneath the 200 day MA in red. Reaction next week will probably give us a better idea of whether or not price plans to reclaim that 200 day MA in red as support for a third time: Note
Not the greatest signature on FB here. Failed to regain the 200 day MA in red. May be suggesting more downside is to come: Note
However, turning on the daily 377 EMA in Grey; price is still holding it as support: 
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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.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
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.