Stock market: short-term trades for Facebook

Stock market: short-term trades for Facebook

SELL 164.80; TP1 163.40; TP2 160.00; SL 165.00

BUY 167.10; TP1 169.30; TP2 171.00; SL 166.80

Despite various problems that hit the company in March, Facebook stock is doing rather well. Bears won’t be able to pull for a big decline as long as the price is above 159.80, the area which acted as support in February and March. Daily MAs are in the positive setup. At the same, there’s strong resistance around 165.95 and 167.90 (weekly MAs). As long as it holds, bull won’t be able to make a big leap up.

In the upcoming sessions, the stock may try to violate the short-term support line at 164.85. If it falls below this level, the target will be at 163.40 and probably even 160.00. An advance above 167.10 will open the way to 169.30 and 171.25.

Facebook.png

Similar

XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

Latest news

XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera