After a steep 62% pull back of the AB swing up, Facebook has since started to rebound followed by a relatively shallow 50% pullback of the recent CD swing up. We now have a mini (3 candle) Morning Star pattern that signal the uptrend is likely to continue.
Go long as it breaks above yesterday's candle close @ 263.8 with initial stop @ 254 (a few ticks below the morning star's low) with a potential to rise back to the last high of 303.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.