FB - Trader stay out. Investor hold.

I'm getting few messages asking me to comment on FB.... Here's what i see.

+FB is fundamentally strong. From longer term perspective, (weekly chart) FB, is still Very Bullish (above EMA20)
-However, FB will not be a good place to make quick money. Short term trend still up but BEAR is wondering around. Last Friday(9Aug), price action not able to break EMA50 and Fibo .382(190). I expect FB will be in ranging mode for few weeks before decide to it's direction

#Summary :-
Long Term (based on weekly chart) still uptrend and bullish (price above EMA20 and EMA50). Long term investor :- Hold.
Short Term (based on daily chart) still uptrend but Bearish (price below EMA20 and EMA50). Short term trader :- Stay out.

#My gut feel :-
FB will range between 180-190
Next week, price need to close above 188-191. Otherwise, FB watch out for 180 level.

#Key Level :-
Support 179, 174, 161
If 179 support intact AND price able to stay above 188-191, then potential Target are 218, 226 (Price need to stay above daily EMA50)

#My Plan :-
1) If price fail to close above 188-191. I'll wait for reversal price action around 180. (preferable)
2) If price close above 188-191 / above EMA50, I'll accumulate 1/3 of my lot size. (As investor)

Zlecenie aktywne:

FB is indeed not able to close above 188, instead drop to 180 level to form double bottom with 6 Aug Low...
Risk Buy limit triggered at 180.11 (Plan#2 Activate).

Next Move : Wait how FB react to level 188-191. Execute #2 if satisfy my conditions.

Zlecenie aktywne:

Good Quarter result..!! FB is expected to break key resistance 190.
Addition position via trade Plan#1 yield 5% return.

Plan#3 :
Wait for 190 Resistance turned Support retest to add position for better Risk Reward Ratio.. Immediate target 199. Psychological resistance 200.