Strategy trading on shares of the Facebook

  • Mar 29 2017
  • by
  • Analyst AZA
Strategy trading on shares of the Facebook

Strategy and trading analysis on shares of the Facebook

Try this great advice for stock trading.
The company's shares Facebook again found their buyers in the stock market. Again on the threshold of a new historical maximum of cost of the company. The price is at a threshold resistance level and going to overcome it. This situation is very similar to continue a growing trend with new force. After all, the price is not included even in the correction, and just snuggled up to level. On the background of the overall movement rising trend, our goal of 200 points is quite real. So, look forward to the opening of trading on the New York stock exchange, observe the price action on the chart and open a long position once the price hits a new high.

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: 141.75
•    The level of profit and close the position: 143.75 (200 pips)

Metal GOLD 
Possible bullish movement in the breakout of the resistance level 1255.00

Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.2470

Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9950

Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 110.60

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Try this great advice for stock trading.

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