FB a lil bit more upside?
RSI in overbought (around 75 currently) and has been in a channel for a while (around March 17th give or take).
Ascending Channel from around end of March. with a possible up trend inside the channel that is running out of room. If channel doen't break to upside, Could see around 239-241 before up trend would break.
MACD at highest level in over 5 years (link below for typical resistance on MACD). Bit of a resistance on MACD as well from Jan.
Big gap at 223 and below. Former resistance around 222.44 to watch for possible reversal. Below this, we could test the bottom of the channel or 18 EMA. Targets would be around $220 to $222. Just depends on how quick it occurs.
Thinking we see this move coming up next week. Going to watch and hold off until we see if there's a down move before doing anything. Expecting a lil further up until about that 239 range.
View of MACD since around 2015:
Ascending Channel from around end of March. with a possible up trend inside the channel that is running out of room. If channel doen't break to upside, Could see around 239-241 before up trend would break.
MACD at highest level in over 5 years (link below for typical resistance on MACD). Bit of a resistance on MACD as well from Jan.
Big gap at 223 and below. Former resistance around 222.44 to watch for possible reversal. Below this, we could test the bottom of the channel or 18 EMA. Targets would be around $220 to $222. Just depends on how quick it occurs.
Thinking we see this move coming up next week. Going to watch and hold off until we see if there's a down move before doing anything. Expecting a lil further up until about that 239 range.
View of MACD since around 2015:
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