🤔 Facebook Resistance, Keep Eye On It... (FB)🐻 Could be an opportunity for bears to step up as we approach a key upward channel Resistance level.
This is 4th time hit on channel Resistance and followed by a very strong extended rebound.
I'd look for a long term play on the 3day to turn over. Look for a lower low breakout to print on daily.
$240 is key Resistance price level.
The daily seems to be attacking multiple times but getting rejected.
Keep an eye on it. Great time to look for a solid play.
Facebook Hidden Bullish Divergence|Range Resistance|Bull PennantEvening Traders,
Today’s Analysis – Facebook – trading above range midpoint with a hidden bullish divergence , immediate target - range resistance.
Points to consider,
- Trend bull pennant
- Range support respected
- Range resistance target
- RSI hidden bullish divergence
- Stochastics above 50
Facebooks trend is forming a probable bull pennant above range mid-point; this is considered a true pennant ONLY when price breaks out north.
The range support has been respected multiple times; breaking this will put bears in control of the trend.
Facebooks immediate target is range resistance, a very key level, breaking above will initiate a Blue Sky Breakout.
The RSI confirms a hidden bullish divergence ; price has made a higher low whilst the RSI has made a lower low. Both oscillators need to remain above 50 for continued strength in the market.
Overall, in my opinion, range resistance is the current target, breaking the pennant north will validate the pattern and the target will then become more probable.
Breaking the ATH will put Facebook in price discovery mode
What are your thoughts?
Please leave a like and comment,
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
$FB Long IdeaNASDAQ:FB $260 Call buying for Facebook $2M premium. I would like to give this a try over $237 giving it about $1 risk for a possible breakout above the 52 highs. Please keep in mind the market is overall weak. This would need to trigger with heavy buying for me to give it a try.
facebook trading in 15 minfacebook chart will go's up the signel is buy if the next candle is green thats confirmer 95% of buying
$FB Watching for a breakout and continued uptrendFirst, I zoomed out to the weekly and daily charts to establish a long term trend and identify current support (red area) and resistance (top of green area) levels. The purple line represents the shorter-term trend and support level.
Based on the market movements on Friday which took just about everything down with it, and the fact that there has been no severe news over the weekend, I'm predicting either a gap up on Monday morning at open, or a slight dip before heading back upwards mid-day. In the ladder situation, I'll be looking to make an entry on the dip.
FB ShortThis is going to dump hard, wedge resistance, over priced stock, user base is saturated.
Right now, it appears it broke a rising wedge to the upside and completed a throwback. We'll see if it holds, but I don't think it will.
Feels to me like an overthrow bull trap.
facebookfacebook now in good resestance zone if back up good for bay our if broke will to the end one
Facebook - attention to volumesWow tech sector at maximum. Can i buy?
NASDAQ:FB
In our opinion, we are at the stage of formation and completion of the 5th wave of correction B. The 5th wave can be short, look carefully at the volumes until they grow. The main area of interest is at 209. Be careful soon.
Facebook $FBEntry. $241
S/L $220
TP $261
12 months Consensus Price Target: $243.79
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Thx
FB - small correction ahead before new highsFacebook is finishing to trace minute wave B of minor wave 4. We may see a small correction in the range from 219 to 200, before the uptrend continues. If price crosses up 245, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
FACEBOOK in case of ↘↘Hello guys! Depending on a lot of sign FB going to be With a huge endurance decreased and it's the perfect time to sell
