Weekly chart shows that $FB is in an uptrend (bullish).
Price is between Tenkan Sen (blue line) and Kijun Sen (red line) with Kijun Sen acting as support which suggests a pullback in an uptrend.
Daily Chart
$FB enters Ichimoku Cloud revealing uncertainty and potential cloud support. Candle closes higher than open which suggests a pullback may be in place.
Hourly ChartCurrent price is below Ichimoku Cloud and Tenkan Sen is below Kijun Sen which is bearish.
Pullback is confirmed with price showing support.
Recommendation
Determine amount to invest in $FB by keeping investment below 5% of total capital.
Scale into $FB.
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