FB-BUY+++
No change in view.
The lower levels are buying opportunities for the short-term. The market is very oversold here, and sure, we cannot predict the lows or how low the RSI will travel. In reality and experiencing low RSI, the correction will happen over time. Since it's a weekly chart, the correction will take 2-4 weeks and the expected return level is still $ 280-300 for now.
Strategy BUY $ 180-190 and on dips but with careful money management, i.e. low leverage, and if long add a bit at these levels.
Profit order $ 285 for now.
The lower levels are buying opportunities for the short-term. The market is very oversold here, and sure, we cannot predict the lows or how low the RSI will travel. In reality and experiencing low RSI, the correction will happen over time. Since it's a weekly chart, the correction will take 2-4 weeks and the expected return level is still $ 280-300 for now.
Strategy BUY $ 180-190 and on dips but with careful money management, i.e. low leverage, and if long add a bit at these levels.
Profit order $ 285 for now.
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