Here's a trading strategy for Facebook's stock.
Oil Prices Surge To Three-Year Highs After Hurricanes And Unexpected Demand—How Much Higher Can They Go?
The lowest horizontal line is the annual pivot at $287.05, which was a magnet between November 4, 2020 and March 30, 2021. The stock has been above this key level since then. The next horizontal line is the semiannual value level at $289.36. The highest two horizontal lines are the weekly risky level at $359.56 and the quarterly risky level at $367.52. Above the chart is the monthly risky level for October at $401.25. The 200-day simple moving average is $315.69 with the semiannual and annual value levels at $289.36 and $287.05.The weekly chart for Facebook has been negative since the week of September 24. The stock is below its five-week modified moving average at $353.32.
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