The stock looks very tired and starting to look out of fashion completely.
The small correction before, and then the subsequent move lower and remaining well below cloud activity does not bode well.
I feel we should be selling current $ 190-193 for a move to $ 155 and lower. For option players BUY PUT EXP July strike price $ 180. Exit the option when market...
I feel we are going to move south again and likely test $ 180 before we might recover upwards again.
The stochastic is turning negative, and we have plenty of resistance on cloud, a little far, but feel it will remain protected.
Strategy SELL current $ 220-230 and take profit $ 180. Stop-loss above $ 265 for now.
FB results were not impressive and this created a hammer candle stick yesterday. The downtrend resistance is currently $ 341 and is strong, and further we have cloud resistance $ 332 as well.
For now, I feel it is sell even though we have the MACD being positive.
Strategy is SELL between $ 325-330 and place stop-loss $ 350 (leave some room). The profit order I...
🐻 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...
Good day to all! An interesting picture is obtained when analyzing the shares of the well-known company FACEBOOK INC.
The price of the stock has been moving in the flat channel since 2016. As you can see on the chart, nothing terrible during the stock market crash in 2020 did not happen with the stock price. All within the channel. Price pushed off from the upper...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
119.25 is the make or break line, in my opinion @ until end of thuis year 2016
Why?
`Cause prices above 119.25 are completing and confirming the w-trend-reversal-wave - under the gap (last 25 trading days). Support lines under the make or break line by around 119.25 are 115.22 & 114.00 price are, which both are even manifesting the w-wave! Independently, if the...
