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Tuesday, 27 August 2019

Technicals of Facebook (NASDAQ: FB): 27 August 2019, Tuesday

Technicals of Facebook (NASDAQ: FB):
27 August 2019, Tuesday
(Click on the Technical Chart Above to Expand)

Attached is the latest Updated Technicals on Facebook (NASDAQ: FB). As mentioned previously in my FB Wall/Page, Facebook technicals had already switched from bearishness to bullishness. We are currently on a golden dip. This dip is a BUY-ON-DIP. The green trajectory lines are impulsive (true directions) while the red trajectory lines are corrective in nature (market noise to disorientate the herd). The red circled region shows low volume resistance. The green circled region shows FB had high volume support. Collectively, the entire volume flow is bullish. Due to the entire accumulative set-up, Facebook is expected to break up $205 resistance and create historic new highs.

The Donovan Norfolk Technical Rating:
Flip to Bullish


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