1D TF shows us a strong downtrend that initiated on March 26th of this year. And we see a morning star on June 20th that started a local correction up.
4HTF – The price is still currently slightly above the 9EMA. Approaching simultaneously the 200EMA, 23.6 Fibo Correction level and our local trend line.
Here we have to consider 2 possible scenarios:
NVIDIA Iis at an interesting position. The gurus of fundamental analysis are saying it's ready for a pump north.
I'm not so sure. A few years ago there was a major crisis and loads of stocks plummeted despite great earnings. I remember well as I was long on Disney, which had brilliant prospects, then had a great earnings surprise, yet the market fell like a...
So far Facebook share is still on a bullish trend.
After the Cmabridge Analytica issue, it has continue to go up, due to a positive financial report.
After all, good fundamental is the way to go.
Never be affected by the bad news.
Facebook still have a very good business proposition.
Expect Facebook to continue to perform well and ride on the current bullish trend.