FB - Downtrending Channel Break for Upside Profit Potential

January 5, 2019 - FB Trade Setup

FB - currently in a downtrending channel on the
daily chart. Consider an entry with a break over
the upper trendline at 138 with confirmation over
the 50ma at 140.50. Candlestick resistance at first
target price of 145 and second target near 100ma
at 153.