$FB (Fib. Ret. Lev. + MA + ascending triangle) earnings Oct. 29

12 Okt 2020

Tracking an ascending triangle chart pattern. Fib. Ret. Lev. has been placed to show price level targets. Fib. Ret. Lev. include 38.2% @ $268.15, 50.0% @ $275.50, and 61.8% @ $282.86. The upper bounds level border for the ascending triangle is right at the 38.2% Fib. Ret. Lev. and being that this level has been broken through plus price action movement is above moving averages (20,50,100), and with Deutsche Bank price target raised to $325, I would expect FB to move towards the upside in the following days running up to its Oct. 29 earnings date.