Facebook Trading Analysis (04/09/2024)
The trend is up. The stock is trading in the range between 365 and 135 ЕМА. The downward wave structures are 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 level 515.70 (pivot 2 of the wave C).
- Stop-loss at 508.30.
- Price targets at 526.80 and 539.40.
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