Hello, Traders!
Monfex is at your service and today we overview Facebook.
Many shares of large, technology companies are reaching new records either near their previous peaks.
Facebook hit the whole world this year with its intentions to conquer the financial sector with the Libra. And met with disapproval and criticism from the regulatory side. Now under the pressure.
What can this chart tell us about the next price movements?
In order to reach the previous peaks, FB must at least break through the local zone of resistance. Perhaps we will see a short-term rollback of the price to the line and the local support zone, after which the inverted H&S pattern will be visible.
But, if the price will break through the local support zone, then we can expect a further decline towards the next miror zone.
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Monfex is at your service and today we overview Facebook.
Many shares of large, technology companies are reaching new records either near their previous peaks.
Facebook hit the whole world this year with its intentions to conquer the financial sector with the Libra. And met with disapproval and criticism from the regulatory side. Now under the pressure.
What can this chart tell us about the next price movements?
In order to reach the previous peaks, FB must at least break through the local zone of resistance. Perhaps we will see a short-term rollback of the price to the line and the local support zone, after which the inverted H&S pattern will be visible.
But, if the price will break through the local support zone, then we can expect a further decline towards the next miror zone.
- The local resistance zone ~ $193-191
- The local support zone ~ $180
- The resistance zone ~ $200-205
- The support zone ~ $160
- Market Cap
540.092B
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
