Now let's analyze the chart of Facebook incorporation. Facebook is in uptrend and see 1
I have applied Fibonacci to the last swing and this is two point six one eight level 2
So on 5 Minute chart Facebook is going in upward direction and I'm expecting that it will move up to 3
resistance line but near this resistance level. 4
I am expecting a consolidation in the prices. 5
So my view is moderately bullish for the stock and on hourly chart you can see 6
this was a gap up opening Bollinger Band is going in upward action but RSI is showing the less momentum. 7
So I'm expecting a up more up to this black line this resistance level and then I'm expecting that prices 8
will consolidate near 9
this resistance level 10
So here we can enter in a bull call spread. 11
We can buy the call option of Facebook incorporation. 12
So this is 29th of April 13
We will see the current expiration. 14
That is 3rd of May we can sell 195 strike that is trading at one point six two dollar. 15
and we can buy one ninety two point five zero strike that is trading at two point ninety five dollar.