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Facebook (META) - Edition #1
Facebook (META) - Edition #1 - Read the full update on Zelf Trade.
LR Guizadoâ¢
Facebook (META) - Edition #1
Macro Outlook ð Bullish/ Neutral
- June's monthly close showed strength but not as decisive.
- Price needs to stay above previous all time high in order to continue.
- On the other hand, this week's close is extremely bullish as it managed to close above previous all time high.
Above monthly / below weekly chart
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BATS:META Chart Image by ZelfTrade
TradingViewWhat to expect on Monday?
- Small market buy on Monday's open wouldn't be bad although we might get a small retrace before bullish continuation.
- Long entries starting at around $510 would be ideal.
- In case price keeps dumping, $500 ish will be the ultimate perfect long entry.
- Trade invalidation upon price breaking below $490.
- Dollar cost average your way in.
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Disclaimer: This content was originally published on Zelf Trade.