Not sure what to do with FB now, as it is at 61.8 fibonacci retracement level, but under 200-day EMA.
RSI dropped significantly, but still not oversold. MACD also entering downside.
If it closes above 200-day ema levels in the next few days, the bull thesis may still be valid. However, RSI and MACD are in negative category, which may signal further drop after market opens today. We will see.
Overall, still short.
RSI dropped significantly, but still not oversold. MACD also entering downside.
If it closes above 200-day ema levels in the next few days, the bull thesis may still be valid. However, RSI and MACD are in negative category, which may signal further drop after market opens today. We will see.
Overall, still short.
Nota
FB continues to flop as NASDAQ goes down, next support level to watch is $164.Trade chiuso: obiettivo raggiunto
Almost played out completely within the channel.
Amazingly the RSI almost entered oversold territories 3 times but all 3 times got rejected - the market really does not welcome a reversal trend
No reason to think that there will be reversal, depending on the extent of wave 5 play out
As it continues to form lower lows and lower highs, look like we will still be in the channel for next couple of days, approaching lower lows may even hit $135 or $130 before reversal signal. Will close within these ranges and wait for further trend indicators.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.