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Facebook Inc. (FB/NASD): general analysis 06 December 2019, 11:19

Facebook Inc. (FB/NASD): general analysis 06 December 2019, 11:19 Scenario Timeframe Intraday Recommendation SELL STOP ...

Aug 9, 2019

American Express Co.: wave analysis 09 August 2019, 09:56


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 125.28
Take Profit 113.90, 108.08
Stop Loss 129.40
Key Levels 108.08, 113.90, 129.40, 135.00, 140.00
Alternative scenario
Recommendation BUY STOP
Entry Point 129.45
Take Profit 135.00, 140.00
Stop Loss 127.60
Key Levels 108.08, 113.90, 129.40, 135.00, 140.00
The price may fall.
On the daily chart, the wave A of the higher level developed, within which the wave 5 of (5) formed. Now, the development of a downward correction of the higher level as the wave B is beginning, within which the first wave of the lower level i of 1 of (A) of B is forming. If the assumption is correct, the price will fall to the levels of 113.90–108.08. In this scenario, critical stop loss level is 129.40.


Main scenario
Short positions will become relevant during the correction, below the level of 129.40 with the targets at 113.90–108.08. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 129.40 will let the price grow to the levels of 135.00–140.00.

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