Feb 04, 2021 (Stock Traders Daily via COMTEX) -- The Facebook /zigman2/quotes/205064656/composite FB -0.53% report below can help you, but we have more details too. The trading plans for FB, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports .
The Technical Summary and Trading Plans for FB help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this FB Report.
The technical summary data tells us to buy FB near 263.16 with an upside target of 292.89. This data also tells us to set a stop loss @ 262.4 to protect against excessive loss in case the stock begins to move against the trade. 263.16 is the first level of support below 266.65 , and by rule, any test of support is a buy signal. In this case, support 263.16 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of FB as it gets near 292.89 with a downside target of 263.16. We should have a stop loss in place at 293.74though. 292.89 is the first level of resistance above 266.65, and by rule, any test of resistance is a short signal. In this case, if resistance 292.89 is being tested, so a short signal would exist.
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