Analysis on Facebook 5.06.2018

Analysis on Facebook 5.06.2018

FACEBOOK INC NASDAQ:FB


The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 195.00
• Take Profit Level: 200.00 (500 pips)

If the price rebound from resistance level , you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 191.00
• Take Profit Level: 190.00 (100 pips)