Facebook Trading Analysis (05/11/2024)
The trend is up. The stock is trading in the range between 365 and 135 ЕМАs. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 558.00.
- Price targets at 573.50 and 584.50.
#facebook #stock #tradersroom #daytradingpatterns
