Back to Trade Signals
TradingView
market-updatetrading-signal
Facebook (META) - Edition #1
Facebook (META) - Edition #1 - Read the full update on Zelf Trade.
LR Guizadoโข
Facebook (META) - Edition #1
Macro Outlook ๐ 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
[
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.
Disclaimer
Not financial or tax advice. Zelf Trade is not a financial institution. No content on this Newsletter is financial, accounting, legal or tax advice. Zelf Trade content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclaimer: This content was originally published on Zelf Trade.