NYSE:FB #Facebook on close watch for long confirmation #trading
Confirmation of a sustained uptrend is getting close.
Firstly, the MACD divergence was a key indicator that momentum was changing. Now above the zero line, early traders might have used that to get in at a lower point.
Those like me that are a bit more cautious might be better off waiting for the two key resistance levels to be broken. Currently testing the 151.94 level, with the 2/1 Gann Fan level not far behind it.
Firstly, the MACD divergence was a key indicator that momentum was changing. Now above the zero line, early traders might have used that to get in at a lower point.
Those like me that are a bit more cautious might be better off waiting for the two key resistance levels to be broken. Currently testing the 151.94 level, with the 2/1 Gann Fan level not far behind it.