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Facebook stocks soar like a rocket into space
Facebook stocks soar like a rocket into space
Facebook shares rose in price and broke the all-time high in the stock market. Now the price is in a shallow correction and has drawn a neat fractal on the 4 hours chart. We will use it to open a position. This 376.00 level above the fractal is also a new all-time high. As a rule, when such levels are broken, the price gets an additional impulse. Our goal will not be big in this trade. We expect to earn about 400 points and place a Take Profit order at 380.00 if the price breaks the level and does not go down soon.
Symbol: FACEBOOK
Order Type: Pending Order - Buy Stop
Entry Price at 376.00
Take Profit at 380.00
Pips Earning: 400
The profit can be $400.00 if the trading volume of 100 Shares.
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