Back at it with another setup, please follow and like if you guys want more. Here is my analysis.
Bullish Sentiment: Bounce from 34-50 EMA we could see a test back into 360's followed by consolidation and the new ATH's. RSI hitting below 50 again, not much to go off of this but I see a bit lower. I do see this touching the lower cloud around the 348 range. However, if that holds we are off ;)
Bearish sentiment: Market weakness can come in at any moment and I see the market dipping a bit more. However, with today's market weakness FB held up nicely. I still believe we see 348 range before going back up, but I do see 346 being touched if we break below 348.
My personal opinion (not financial advice)
I think we test 348 and have a light bounce back over the EMA's and back into 360's.
I will wait until confirmation.
Like and follow :)
(P.S. not my best TA, had a long day)
Bullish Sentiment: Bounce from 34-50 EMA we could see a test back into 360's followed by consolidation and the new ATH's. RSI hitting below 50 again, not much to go off of this but I see a bit lower. I do see this touching the lower cloud around the 348 range. However, if that holds we are off ;)
Bearish sentiment: Market weakness can come in at any moment and I see the market dipping a bit more. However, with today's market weakness FB held up nicely. I still believe we see 348 range before going back up, but I do see 346 being touched if we break below 348.
My personal opinion (not financial advice)
I think we test 348 and have a light bounce back over the EMA's and back into 360's.
I will wait until confirmation.
Like and follow :)
(P.S. not my best TA, had a long day)