Source: PaxForex Premium Analytics Portal, Technical Insight
The Data Protection Supervision Agency of Ireland, DPC, has sent Facebook a preliminary order to suspend data transfer from the EU to the U.S., reports the Wall Street Journal. The decision came after a decision of the Supreme Court of Europe this summer, which at the same time canceled the EU-U.S. data transfer agreement and questioned the legitimacy of an alternative transfer mechanism - of course, in cases where the data comes to a non-EU organization covered by the U.S. tracking law.
Facebook, H4
Pivot: 274.23
Analysis:
Provided that the asset is traded above 268.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 274.23
- Take Profit 1: 283.20
- Take Profit 2: 287.60
Alternative scenario:
In case of breakdown of the level 268.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 268.00
- Take Profit 1: 260.60
- Take Profit 2: 256.40
Comment:
RSI below 50. MACD is above the signal line and negative. The configuration is mixed. Facebook is traded on a moving average of 20 and 50 (274.55 and 279.41 respectively).
Key levels:
Resistance | Support |
296.20 | 268.00 |
291.80 | 260.60 |
287.60 | 256.40 |
Facebook, D1
Pivot: 287.67
Analysis:
While the asset is traded above 266.90, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 287.67
- Take Profit 1: 324.10
- Take Profit 2: 337.20
Alternative scenario:
If level 266.90 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 266.90
- Take Profit 1: 245.90
- Take Profit 2: 233.10
Comment:
RSI above 50. MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is traded above 20 and 50-day moving average (275.7 and 253.84 respectively).
Key levels
Resistance | Support |
363.70 | 266.90 |
350.60 | 245.90 |
337.20 | 233.10 |
We also advise you to pay attention to Tesla shares for intraday trading:
Pivot: 330.21
Analysis:
While the asset is traded below 420.00 follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 330.21
- Take Profit 1: 261.00
- Take Profit 2: 226.00
Alternative scenario:
If the level 420.00 is broken-out, follow the recommendations below.
- Time frame: H4
- Recommendation: long position
- Entry point: 420.00
- Take Profit 1: 485.00
- Take Profit 2: 524.00