facebook, then and now
- Above I've shown 2 charts of FB. The one on the left is feb-march 2020 and on the right is present day.
- What I'm trying to show is the break of 200d SMA, followed by a re-test, which failed and led to the march crash of 2020.
- FB breaking its 200d SMA is a rare occurrence and should be taken seriously
- The exact same thing seems to be playing out right now which means FB can correct further this week itself.
STRATEGY:
- I think FB is in a bear market/ downtrend so will only go long when levels are very attractive
- I wouldn't short at current levels either as its already fallen a decent amount
- There's a demand zone about 6% lower which could be a good opportunity for a short term trade
- What I'm trying to show is the break of 200d SMA, followed by a re-test, which failed and led to the march crash of 2020.
- FB breaking its 200d SMA is a rare occurrence and should be taken seriously
- The exact same thing seems to be playing out right now which means FB can correct further this week itself.
STRATEGY:
- I think FB is in a bear market/ downtrend so will only go long when levels are very attractive
- I wouldn't short at current levels either as its already fallen a decent amount
- There's a demand zone about 6% lower which could be a good opportunity for a short term trade
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.