April 13, 2015
Facebook Inc is a popular social media platform. How is its stock performance? Good, bad or fair. From the chart showing the price from 2014 till today. It is definitely uptrend.
Facebook Inc Technical Analysis
zoom in view
showing six months of daily data. Price went up 16 dollars, isn’t it good? Bad? or just reasonable.
Facebook Inc Stock Uptrend
Can you make money? Or more money when you know the stock is in uptrend mode? When you have to know price up or down, traders out there both make money. It is all depending when you buy and sell!
Can You make Money when you know it is Uptrend?
Zoom In,
in a closed up view on the six months data. You can spot geometry pattern AB = CD, Resistance turn Support, and the price is supported by the resistance now. However, MACD signal starts to show bearish bias. Is it time the price is ready to change direction? Be careful.
There are many discussion on Geometry Pattern, AB = CD on this site. Check out the past posting of this topic.
Lines are Free
Connecting the valley and copy and paste on the mountains; equal distance channel. Or just connect the peak or the low using horizontal line; support and resistance.
You will realize that the price just get out of ranging and into the next level.
So, what is your trading strategy and decision. Buy? Sell? Or stand aside? No right no wrong! As you probably experience market up or down, price up or down, buy or sell, all make money. The key is timing. If you want to know what I mean see the past posting discussion.
Zoom In with Support and Resistance and Equal Distance Channel
MACD shows bearish bias, the price is ready to change direction. Be aware. Only till confirmation, you don’t have to stop as the light is still green. You are follow the site here, you will know what I mean. Wanting to know what it is all about, you can look back on the past posting, have fun!
You can find other Alibaba Group Holding technical analysis on this site.
Thanks for visiting this extra ordinary site, AmiBrokerAcademy.com.
It is always to see with other analysis. However, you should do your own eventually. You will have a lot of fun.
Moses
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