FB Tipping Point?

Simple long-term-channel-trend analysis.


Expecting some remarks on FB's future outlook in the next 36hrs. Earnings tomorrow. (October 30th, 2018)

It appears this current range is a break below support for FB long-term-trend.

The question is if their earnings will provide them a bounce and potentially stabilize price.

If earnings are not as expected, or better, we could see price confirm a break through support.

Neutral until earnings are released, and price appears to confirm a move in one direction or the other.

Kommentera:

Taking a look closer a few days later, got a bounce off the suspected supporting long term trend. Followed by consistent selling the days after.
FB is not out of the woods yet.

Sitting on hands.

Handel aktiv:

There she goes!