Simple long-term-channel-trend analysis.
Expecting some remarks on FB's future outlook in the next 36hrs. Earnings tomorrow. (October 30th, 2018)
It appears this current range is a break below support for FB long-term-trend.
The question is if their earnings will provide them a bounce and potentially stabilize price.
If earnings are not as expected, or better, we could see price confirm a break through support.
Neutral until earnings are released, and price appears to confirm a move in one direction or the other.
Expecting some remarks on FB's future outlook in the next 36hrs. Earnings tomorrow. (October 30th, 2018)
It appears this current range is a break below support for FB long-term-trend.
The question is if their earnings will provide them a bounce and potentially stabilize price.
If earnings are not as expected, or better, we could see price confirm a break through support.
Neutral until earnings are released, and price appears to confirm a move in one direction or the other.
Trade active:
There she goes!
FB is not out of the woods yet.
Sitting on hands.