Facebook (
FB) is evoluting in a long term bullish trend, but currently it is consolidating between 126.70 and 131$.
On that situation, a short position is definitely to ban.
But is today the right moment to initiate a long position ?
The support à 126.70$ corresponds to 0.5 retracement of the last upper move (end Aug - beg Sept), it is not enough. It could quite probably be broken in the few next days, as the RSI is currently breaking its neutrality zone.
If you wait for a breakdown of the 126.70$ support, you could benefit from the 122.50$ big support to take long position :
- previous support during august
- 38.2% retracement of the last upper wave which started from the Major support.
- Reinforced by the ascending trendline support
So you should probably wait for 124$ (before or after a bounce at the 122.50 support) to enter bull onFB.
FB) is evoluting in a long term bullish trend, but currently it is consolidating between 126.70 and 131$.On that situation, a short position is definitely to ban.
But is today the right moment to initiate a long position ?
The support à 126.70$ corresponds to 0.5 retracement of the last upper move (end Aug - beg Sept), it is not enough. It could quite probably be broken in the few next days, as the RSI is currently breaking its neutrality zone.
If you wait for a breakdown of the 126.70$ support, you could benefit from the 122.50$ big support to take long position :
- previous support during august
- 38.2% retracement of the last upper wave which started from the Major support.
- Reinforced by the ascending trendline support
So you should probably wait for 124$ (before or after a bounce at the 122.50 support) to enter bull on
FB.
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.