Facebook stock trading strategy and analysis

  • Jan 11 2017
  • by
  • Analyst AZA
Facebook stock trading strategy and analysis

Strategy and trading analysis on shares of the company Facebook

Who today does not know Facebook? About 15% of the world's population use it regularly, and every day the number of "likes" on the network is comparable with the full amount of the inhabitants of our planet. Facebook's revenue for the last reporting quarter rose to nearly $ 6 billion, and earnings closer to the mark of 1.5 billion. This affect the growth of shares in terms of money up to $ 124.35 per share. And growth will continue - Facebook is preparing for a major battle for video content - now undergoing active testing.
In the stock chart shows that Facebook was not in a very decent condition, and in recent days, the stock price of the company increased significantly. Price crossed the 200-th high and entrenched behind it. Typically, this simple moving is an additional level of resistance. This shows the intersection determination of investors to invest their money in the company. If the trend continues, we will join the bulls and also buy these shares. The level of take profit that we put is more than 250 points, and it is much lower than the main resistance levels, where the price may stall. Just after such a strong rise, traders and investors need to fix at least a portion of their profits, and then start a correction will come. This is the reason of our decision about the level of profit. After all, the stock price can go further, but it will be a new decision to enter the market.

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 125.45
•    The level of profit and close the position: 128.00 (255 pips)

Metal GOLD 
Possible bullish movement in the breakout of the resistance level 1192.00

Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2090

Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 1.0250

Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 116.50
Learn the best ways to profit from foreign exchange


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