Trading idea for FACEBOOK Inc. (NASDAQ)

#FB

The 159.09 support level is holding back the sellers. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator is signaling oversold. A "hammer" reversal pattern has been formed on the daily timeframe.

Trading idea:

Buy on a breakout of 161.46.

Stop-loss under the support level 154.09.

Target levels: 171.00; 183.37.