Basic triangle-formation after Brexodus,
`cause on the referendum the share created a temporarly low.
131.96 (2016-09-07): (d) new alltime high - after old alltime (b) before
128.31 (2016-07-28): (b) 2nd high after consolidation after complete trend-reversal-formation (while brexodus)
127.95 (2016-09-23): Friday (last trading) Closed
123.06 (2016-07-21): (c) 3rd low beetwen (a) & (b) in august
119.31 (2016-08-24): (a) 1st low after consolidation after complete trend-reversal-formation (while brexodus)
128.60 (2016-09-23): (bad news)
127.95 (2016-09-23): Friday (last trading) Closed
127.32 (2016-09-23): (bad news)
if facebook climb back above 128.31 (b) the next move could be in october to new alltim ehighs - even above 131.96 (d) at least.
Short-term bears are in town also
131.96 (2016-09-07): (1) last alltime high
130.71 (2016-09-09): (2) 1st temproarly low after alltime high
127.95 (2016-09-23): Friday (last trading) Closed
125.74 (2016-09-22): (3) 1st high - even after temporarly low
if facebook is etablishing a downside trend, the share could fall until 130.71 (2) at least.
but at 1st facebook should breakUP/DOWN at first
- to etablish something like a trend to the UP/DOWN side ...
129.94 (2016-09-06): resistance trendline - temporarly high
129.92 (2016-09-09): resistance trendline - temporarly high
129.91 (2016-09-16): resistance trendline - temporarly high
129.06 (2016-09-15): resistance trendline - temporarly high
129.18 (2016-09-16): resistance trendline - temporarly high
129.35 (2016-09-21): resistance trendline - temporarly high
128.98 (2016-09-23): 1 Week SMA
127.95 (2016-09-23): Friday (last trading) Closed
127.87 (2016-09-23): 4 Week SMA
126.83 (2016-09-02): support trendline - temporarly low
126.72 (2016-08-29): support trendline - temporarly low
126.65 (2016-09-13): support trendline - temporarly low
126.07 (2016-08-09): support trendline - temporarly low
125.03 (2016-08-31): support trendline - temporarly low
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
`cause on the referendum the share created a temporarly low.
131.96 (2016-09-07): (d) new alltime high - after old alltime (b) before
128.31 (2016-07-28): (b) 2nd high after consolidation after complete trend-reversal-formation (while brexodus)
127.95 (2016-09-23): Friday (last trading) Closed
123.06 (2016-07-21): (c) 3rd low beetwen (a) & (b) in august
119.31 (2016-08-24): (a) 1st low after consolidation after complete trend-reversal-formation (while brexodus)
128.60 (2016-09-23): (bad news)
127.95 (2016-09-23): Friday (last trading) Closed
127.32 (2016-09-23): (bad news)
if facebook climb back above 128.31 (b) the next move could be in october to new alltim ehighs - even above 131.96 (d) at least.
Short-term bears are in town also
131.96 (2016-09-07): (1) last alltime high
130.71 (2016-09-09): (2) 1st temproarly low after alltime high
127.95 (2016-09-23): Friday (last trading) Closed
125.74 (2016-09-22): (3) 1st high - even after temporarly low
if facebook is etablishing a downside trend, the share could fall until 130.71 (2) at least.
but at 1st facebook should breakUP/DOWN at first
- to etablish something like a trend to the UP/DOWN side ...
129.94 (2016-09-06): resistance trendline - temporarly high
129.92 (2016-09-09): resistance trendline - temporarly high
129.91 (2016-09-16): resistance trendline - temporarly high
129.06 (2016-09-15): resistance trendline - temporarly high
129.18 (2016-09-16): resistance trendline - temporarly high
129.35 (2016-09-21): resistance trendline - temporarly high
128.98 (2016-09-23): 1 Week SMA
127.95 (2016-09-23): Friday (last trading) Closed
127.87 (2016-09-23): 4 Week SMA
126.83 (2016-09-02): support trendline - temporarly low
126.72 (2016-08-29): support trendline - temporarly low
126.65 (2016-09-13): support trendline - temporarly low
126.07 (2016-08-09): support trendline - temporarly low
125.03 (2016-08-31): support trendline - temporarly low
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
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Related publications
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.