Facebook (FB) Weekly trading levels for WS 10th March

This last week, FB tried yet another unsuccessful attempt to breach it’s high. I had mentioned in last week’s post, that FB will try and get close to it’s high and look at closing above it. Clearly some selling pressure is seen at that level.

The Weekly charts does not really show any reversal pattern developing. It looks like a continuation of the existing uptrend.  On the downside FB can touch it’s 20 DMA around $68 where buying is expected to kick in.

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

FB WS 10th March

Following are the Trading levels for WS 10th March

Buy above 69.40 Tgt 1 – 72.35, Tgt 2 – 75, Tgt 3 – 77.80

Sell below 69.40 Tgt 1 – 66.90, Tgt 2 – 64, Tgt 3 – 61.40

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!!!

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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!!!

Facebook (FB) Weekly Trading levels for WS 18th Feb

On the daily charts it has broken out of the upper channel. In that respect if any pull backs were to happen this week it will try and touch the upper trend channel. On the weekly charts too it is in a strong uptrend. Upside it can touch levels of $73 to $75.  On the downside we can look at levels of $63 to $65 at the trendline.

FB WS 18th Feb

Following are the Trading levels for WS 18th Feb

Buy above 66 Tgt 1 – 68.7, Tgt 2 – 70.25, Tgt 3 – 73.00

Sell below 66 Tgt 1 – 64.5, Tgt 2 – 61.80, Tgt 3 – 60.20

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!!!

Facebook (FB) Weekly Trading levels for WS 10th Feb

Facebook had taken support at the Bull Trend Line and the 50 DMA last week. Post the fabulous results which beat market expectations it has traded near the Upper Channel line as seen in the chart below for most of the past week. Friday’s close was a strong Positive candle which could propel it above the trend channel in the next week.

I must admit though, that some amount of profit booking could take it back in the channel. The weekly chart also looks good for an up move. On the downside move $60 would act as the first line of support. Anyone shorting at higher levels can look at booking partial profits at this level.

FB WS 10th Feb

Following are the Trading levels for WS 10th Feb

Buy above 63.20 Tgt 1 – 65.65, Tgt 2 – 67, Tgt 3 – 69.40

Sell below 63.20 Tgt 1 – 61.90, Tgt 2 – 59.50, Tgt 3 – 58.10

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!!!