$FB (Fib. Ret. Lev. + MA + ascending triangle) earnings Oct. 29

12 thg 10, 2020

Tracking an ascending triangle chart pattern. Fib. Ret. Lev. has been placed to show price level targets. Fib. Ret. Lev. include 38.2% @ $268.15, 50.0% @ $275.50, and 61.8% @ $282.86. The upper bounds level border for the ascending triangle is right at the 38.2% Fib. Ret. Lev. and being that this level has been broken through plus price action movement is above moving averages (20,50,100), and with Deutsche Bank price target raised to $325, I would expect FB to move towards the upside in the following days running up to its Oct. 29 earnings date.