Pristotoro
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22
Pristotoro
liked
Christmas is round the corner. Festive in the air for giving and sharing of good investment tips with you Moo Moo community. US market is a fast pace one. Be vigilant by using resistance and support analysis to monitor the trend. My experience is fast entry, make quick money and then exit quickly. My Christmas wish is that the price for both Blackberry and Nokia will rise again beyond $BlackBerry (BB.US)$13 and $Nokia Oyj (NOK.US)$7. Cheers to all for a super Merry Christmas.
22
2
Pristotoro
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$Meta Platforms (FB.US)$
Meta closed at 345 resistance as I said from the start of the week before market open! Now we will be looking at 352 resistance next week and I believe we should break it with ease. Based on my graph, it is an ascending triangle and that means higher support levels and eventually breaking past the resistance of 352 to next resistance.
Meta support level is going up day by day with the 20EMA at 336, 20SMA at 332.40 and also the ascending triangle support line at 341. These supports will go higher next week on open as they are dynamic and gets higher everyday as long the price doesnt break through.
The most immediate and strong support would be the ascending triangle support line. Because if it breaks and closes below it, that will invalidate the ascending triangle pattern. But as long as the triangle is intact, the breakout to the upside is imminent.
We can see that we are going up on higher volume than on the selling days. This are very bullish indicators that this is not selling from smart money but they are short term traders selling at the high and buying bk at the lows.
After 352 resistance, the next will be 358. But we may touch 358 and come back down for a retest on 352 support should we break that level.
As always, trade safe & invest wise!
Meta closed at 345 resistance as I said from the start of the week before market open! Now we will be looking at 352 resistance next week and I believe we should break it with ease. Based on my graph, it is an ascending triangle and that means higher support levels and eventually breaking past the resistance of 352 to next resistance.
Meta support level is going up day by day with the 20EMA at 336, 20SMA at 332.40 and also the ascending triangle support line at 341. These supports will go higher next week on open as they are dynamic and gets higher everyday as long the price doesnt break through.
The most immediate and strong support would be the ascending triangle support line. Because if it breaks and closes below it, that will invalidate the ascending triangle pattern. But as long as the triangle is intact, the breakout to the upside is imminent.
We can see that we are going up on higher volume than on the selling days. This are very bullish indicators that this is not selling from smart money but they are short term traders selling at the high and buying bk at the lows.
After 352 resistance, the next will be 358. But we may touch 358 and come back down for a retest on 352 support should we break that level.
As always, trade safe & invest wise!
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6
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