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Trade idea for FACEBOOK Inc. (NASDAQ)

08.03.2022

Market Review

#FB

The general trend is descendant, while Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. These signs point to the ascendant correction.

Trade idea:

Sell when the double top multi-candle figure forms from the resistance level of 212.80.

Stop-loss — 217.20.

Target levels: 202.00; 193.88.

Author: GC
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