Facebook for weeks now has been creating higher highs and higher lows in the strong uptrend. Being bullish on this stock we would look to get in with the bulls.
Lets look at the daily time frame.
Here we see a beautiful head and shoulders formation. Once it hits the neckline Price would reach around $98.
Adding confluence there is also a bullish cypher formation which may possible form. Buying at the price range $92 - $97 would be a wonderful spot to get in on the trend.
Lets look at the daily time frame.
Here we see a beautiful head and shoulders formation. Once it hits the neckline Price would reach around $98.
Adding confluence there is also a bullish cypher formation which may possible form. Buying at the price range $92 - $97 would be a wonderful spot to get in on the trend.