Facebook CEO Mark Zuckerberg said he "struggled" with how to respond to the posts of President Donald Trump - both on Facebook and Instagram. Eventually, although Trump's posts were worrisome, Zuckerberg said he "strongly disagrees with the way the president talked about it," but Facebook decided not to remove them.

Facebook, H4

Pivot: 225.17

Analysis:

Provided that the asset is traded above 222.60, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 225.17
• Take Profit 1:  231.15
• Take Profit 2: 240.30

Alternative scenario: 

In case of breakdown of the level 222.60, follow the recommendations below:

• The timeframe: H4
• Recommendation: short position
• Entry point: 222.60
• Take Profit 1: 216.20
• Take Profit 2: 209.20

Comment:

RSI shows a continuation of an uptrend.

Key levels:

Facebook, D1

Pivot: 234.91

Analysis:

While the asset is traded above 217.10, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 234.91
• Take Profit 1: 254.40
• Take Profit 2: 263.60

Alternative scenario:

If level 217.10 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 217.10
• Take Profit 1: 202.00
• Take Profit 2: 193.30

Comment:

RSI trades above 70. This may mean that either the stock is in a long upward trend or it is simply overbought and therefore a correction may take place (look for a bearish divergence in this case). The MACD is above the signal line and is positive. The configuration is positive. Moreover, the stock is trading above the 20-day and 50-day moving average (by 209.42 and 183.4 respectively).

Key levels:

We also advise you to pay attention to Cisco for intra-day trading:

Pivot: 47.82

Analysis:

While the asset is traded above 43.30, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 47.82
• Take Profit 1: 51.20
• Take Profit 2: 52.80

Alternative scenario:

If the level 43.30  is broken-down, follow the recommendations below.

• Time frame: H4
• Recommendation: short position
• Entry point: 43.30 
• Take Profit 1: 40.60
• Take Profit 2: 39.10