Meta Platforms

strategy for fb Tuesday 09/07/2021

98
(FB buy price 375.00)

(FB sell price 373.00)

strategy: our bullish entry is above the buy price and mv 200 in 5mn and 15mn we await confirmation to take entry and our stop loss below the previous candle, we will take profits close to the double top.

our bearish entry: it must be below the sell price and both moving average 200 5mn and 15mn. Be careful with a slight support at 370.62 to pass this would have a possible projection to the double bottom 365.00. XLK technology sector. + 6.08% September turns out to be negative for FB

Note: if you see that at the opening FB touches the buy price then it makes a retracement touching the sell price at that moment the direction changes from bullish to bearish we wait for confirmation with our exit stop

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