Panjang
Has Facebook found a bottom?
Wave 1 - Jan 2nd, 2020 - $210
Wave 2 - March 12, 2020 - $150
Wave 3 - August 24th, 2020 - $300
Wave 4 - January 14th, 2021 - $250
Formed double bottom with retracement on Sept 15, 2020
Wave 5 Peaked on - August 30th, 2021 - $382
Since the peak:
Wave A has formed at October 25th, 2021 - $315
Wave B December 23rd, 2021 - $345
Wave C - Feb 7, 2022 - $230
After hitting the .50 fib retracement level, FB has found support. As long as this level holds, we should expect to see an upside of 49%.
I expect to see something similar to what happened with Amazon.
RSI is oversold and turning around
Buy in around $237
Place stop under .50 retracement level
Target is at ~ $320
Wave 2 - March 12, 2020 - $150
Wave 3 - August 24th, 2020 - $300
Wave 4 - January 14th, 2021 - $250
Formed double bottom with retracement on Sept 15, 2020
Wave 5 Peaked on - August 30th, 2021 - $382
Since the peak:
Wave A has formed at October 25th, 2021 - $315
Wave B December 23rd, 2021 - $345
Wave C - Feb 7, 2022 - $230
After hitting the .50 fib retracement level, FB has found support. As long as this level holds, we should expect to see an upside of 49%.
I expect to see something similar to what happened with Amazon.
RSI is oversold and turning around
Buy in around $237
Place stop under .50 retracement level
Target is at ~ $320
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.