In a span of less than one week, Facebook has lost almost 100% the value it gained in the previous three month. The price however, is approaching a key weekly support level 172.53, this is a key support and unless the price clearly breaks below it, we choose to remain flat. As per the previous week's decline in Facebook shares value, we don't recommend buying the shares of this company. Rather, we're recommend remaining short,and if you're not already in a short position, you could wait for a break below 172.53 to pick a short position.
Sell Facebook shares.
Tesla Weekly Review
After a rebound from the weekly support zone 280.51-274.02, Tesla shares gained value significantly but is now correcting itself to the same zone. This zone is a good buy place and as long as it protects the price to the upper side, we're waiting for a second rebound from it to pick another long position with an ultimate target at 379.53. If you're not already in a long position, you could wait for this second attempt to break below this level. This view can only be invalidated in case the price breaks below 274.02.
Wait to rebuy Tesla shares when the price is around 274.02.
Gold Weekly Review:
For the better parts of this July, Gold markets has favored the bears market and is still pretty much bearish both on the weekly and the monthly charts. As long as the price remains below 1282.80, we expect a possible momentum to the upper side. The anticipated bearish price rally is the unfolding of the impulsive wave (c) and should not go beyond the next monthly support 1064.33. If this target is broken, then we expect further momentum to the lower side with the next ideal target at 826.05.
We're short towards 1064.33
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