Facebook (FB) Weekly Trading levels for WS 3rd March

FB, this past week, has seen some profit booking. The last week closed at the Bull trend line as seen in the chart. FB has formed a Gravestone Doji like pattern on the weekly chart.

On the downside, can take support on the Upper channel line. Break below that will take FB back in the Trading channel. Some support could then be seen at the 50 DMA around $60.

Upside, we cannot rule out another dash at the lifetime high at $71.44.

As usual, the market will decide it’s course of action. All we need to do is follow what it does.

FB WS 3rd March

Following are the Trading levels for WS 3rd March

Buy above 69 Tgt 1 – 70.80, Tgt 2 – 73.15, Tgt 3 – 74.90

Sell below 69 Tgt 1 – 66.75, Tgt 2 – 65, Tgt 3 – 62.70

Very Important – DO NOT TRADE WITHOUT STOP LOSS. Use sound Money Management with your Trading Plan and do not over leverage vis-a-vis your trading equity.

Have a Profitable Trading week ahead!

To your Boring Success!!!


Liked the post? Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s