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$FB Golden Cross - Medium Term Target $248
50D EMA Crossing over 200D EMA on Daily Chart - positive sign and used as a buy signal for many investors.
FB broke through gap fill resistance at $210 last week...pulling back to close just above that line today.
Assuming a close above $210 tomorrow, this can be viewed as a successful retest of $210 now as support.
Fueled by the moving average crossover and overall bullish near term market trend, we should see a strong drive back to all-time high area (~$224) by end of next week. There's a good reason why Facebook is always a top holding of hedge funds.
See chart for a possible path over the next month.
Target: $248 by mid to late June
*This analysis assumes neutral to positive developments in coronavirus/reopening economy situation over the next month.
Educational not investment advice.
FB broke through gap fill resistance at $210 last week...pulling back to close just above that line today.
Assuming a close above $210 tomorrow, this can be viewed as a successful retest of $210 now as support.
Fueled by the moving average crossover and overall bullish near term market trend, we should see a strong drive back to all-time high area (~$224) by end of next week. There's a good reason why Facebook is always a top holding of hedge funds.
See chart for a possible path over the next month.
Target: $248 by mid to late June
*This analysis assumes neutral to positive developments in coronavirus/reopening economy situation over the next month.
Educational not investment advice.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.