pool adsFacebook $FB Technical Update
The Facebook (NYSE: FB) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for FB, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 167.99 | 161.53 | 105.55 |
| P2 | 170.35 | 174.66 | 140.65 |
| P3 | 174.70 | 187.73 | 174.39 |
Support and Resistance Plot Chart for FB
Long Term Trading Plans for FB
March 15, 2019, 3:30 pm ET
The Technical Summary and Trading Plans for FB help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this FB Report.
FB - (Long) Support Plan
The technical summary data tells us to buy FB near 140.65 with an upside target of 174.39. This data also tells us to set a stop loss @ 140.39 to protect against excessive loss in case the stock begins to move against the trade. 140.65 is the first level of support below 166.176 , and by rule, any test of support is a buy signal. In this case, support 140.65 is being tested, a buy signal would exist.
FB - (Short) Resistance Plan
The technical summary data is suggesting a short of FB as it gets near 174.39 with a downside target of 140.65. We should have a stop loss in place at 174.65 though. 174.39 is the first level of resistance above 166.176, and by rule, any test of resistance is a short signal. In this case, if resistance 174.39 is being tested, a short signal would exist.
