leslieyimsm

Investors not happy because of FB's latest move regarding AUS?

שורט
leslieyimsm מעודכן   
NASDAQ:META   Meta Platforms
This is a Daily chart of Facebook Inc.
A couple of chart patterns to observe here:

1. It has broken down from a symmetrical triangle, retraced, and now heading down.

2. It is also an inverted cup & handle pattern.

Although it has still in an uptrend, I will prefer to exit any exiting trade and wait for it to head down lower to target profit 1 and/ or target profit 2 before re-entering.

Target profit 1 is support + a 50 moving average level on the Weekly chart.

Target profit 2 is support + a 200 moving average level on the Weekly chart (it should move up to that level with time or near it).

If you're a short term trader, you will have to find a better entry timing as putting a stop loss will prove a challenge unless you are willing to accept lower risk-to-reward.

If you have any symbols that you would like me to analyze, feel free to leave a comment!

*My apologies! I forgot to switch it back to the Daily chart. I don't know how to change it back as I'm still new to using Trading View.
הערה:
(Disclaimer: not giving any trading & investment advise. Just sharing views)
הערה:
Would like to see today ends up a doji and head down tomorrow.

If it doesn't, then the setup might be invalidated.
הערה:
no doji but setup still valid.
Looking forward to hitting profit targets!
הערה:
NASDAQ turns bullish today.
Chances are the smart money is buying again!
הערה:
Been trading side ways for 2 weeks. Setup still intact for now
הערה:
If price peaks above $267 then this setup is considered invalidated
עסקה סגורה: הגיע לסטופ:
Did peak above $267.

Although it still look bearish but it is what it is.

כתב ויתור

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