Facebook (FB)
Facebook Stocks - The Next Homerun Hello.
In the last several months as we all saw that the index of the tech reached new highs and breaking record after record it seems that this will probably not stop for the moment.
As you all know mostly there are several big tech companies that are very popular to investors , and Facebook is one of it.
In the last year Facebook have managed to reach also new record and after the last few months run it reached at resistance with the price at 300$. After this big long run , the shares made a pullback at the support of 250 and since then the price is bouncing between this 2 points forming a triangle formation.
The bottom edge of the triangle is acting as a support for the price. Every time the price touch or go below the support edge will recover and close over it. Since the end of the summer ( and the support at 250$ ) we have at least 4 weekly bullish reversal bar when the price recovered and closed green .
I think that the next move for Facebook will be higher to a target of 350 $/stock.
As the price is getting closer to the end of the triangle the price will make a big move as the the price bounced for months in this triangle storing energy.
This week the price recovered and closed green ( bullish ) just 30 minutes before session close.
This is my analysis. I am not a professional trader and i do not give advice. Take care, happy trading !
Facebook - Triple Top ?NASDAQ:FB Emerging Triple Top with descending slope / Lower Highs
First top a spike / Second top a rounded double top / Third top a spike
Support at 245 . if breaks out and stay under actual price trend line => target price @ 200
GOOD OLD FB STOCKFacebook has been consolidating for the past few months, showing lower highs since September 2020.
It is a troubled company last year facing lots of scrutinises from the gov.
However, if we look at the bigger picture, it has bounced a few times on the 200MA (disregard the March 2020 whole market correction).
We might be looking at a great long run if the price finally manage to bounce again at the 200MA and then break the upper resistance.
Facebook - Add to Your WatchlistA perfect setup has been developing on Facebook . Breaking it, both below or up, will be BIG!
We add Facebook to our watchlist and will trigger the order once breaks our levels.
PLEASE WATCH $FBThis is a setup only diamond-handed snipers can handles. If you're not a diamond-handed sniper, join the link in my bio so I can help you out.
Nice consolidation with a breakout bound to happen. Earnings are coming up and the market looks healthy, kind of. This play can payout BIG if you wait for the breakout in either direction.
imo, as long as SPY doesn't die in the next week or so FAANGM ER's will carry to market to new ATHS.
A review on what happened to the Market Cap Titans in this week!WATCHING THEM ALL TOGETHER MAY HELP YOU DECIDE BETTER!
No need to say they have one thing in common, LOWER-highs & LOWER-LOWS and MOST OF THEM SLIPPED BELOW 50EMA!!!
This is the most simple Definition and Sign of the Bearish market!
any bounce back could be an EXIT opportunity.
The bigger the loss becomes, the harder it becomes to accept..!
Moshkelgosha
Simplicity is the spice of life..The price goes right back to where it starts, then once all the pumpers have sold their shares; it's round 2.0
Just that simple..
FACEBOOK - Expecting Bullish Continuation I'm looking for bullish continuation based on the weekly bullish cycle which is currently developing. I'm expecting another wave up after the consolidation is finished.
There are two possible scenarios that I'm considering.
SCENARIO 1:
- bullish setups near the bottom of the consolidation structure.
SCENARIO 2:
- breakout above the consolidation and bullish setups.
Expected target (target 1) is near the top around $300+.
Oak - rejectedTop of weekly trendline acted as strong resistance. You need to see the smaller timeframe Before considering possibly squeezing more out with what momentum may be left out of this but I would wait and catch a ride down.
If you like my charts like/follow! message me for more.
AAPL wait for the buy"Red in the morning, take warning." I got some nice dip buys but will not be entering unless solid confirmation of continuation. This broke down below its channel, it needs to fill out this descending wedge(bullish pattern) before I enter. Will get that buy signal soon in my humble opinion.
Cheers!
FACEBOOK (FB) | Symmetrical Triangle + 200MA Support+ Symmetrical triangle pattern
+ 200MA Support
+ Good Risk/Reward entry for long position
Not an investment advice. Don't be that guy.
A Closer Look at the 6 Giant Tech..! CORRECTION phase!I believe when you compare the charts together it will help you to have a better idea of market sentiment.
In this analysis, I put the 6 Giant tech companies which have the highest market cap together, so my followers could have a better and more clear understanding of the new sentiment in the stock market.
It is crystal clear after March 2020 we had experienced an incredible market, but since Feb 2021 it seems the market entered a CORRECTION phase and it is obvious in the charts.
1- Apple: closed below: 50 EMA, closing price of 2020, and more than 10% away from its top. LOWER HIGH-LOWER LOW pattern
2- Microsoft & Alphabet: in Trendlesss Zone in the last 2 trading weeks
3- Amazon: closed below 2020 closing price, lower high pattern, and bearish ladder candle.
4- Tesla: after breaking a trendless zone from the downside experiencing lower trading volume every day. Jan 8, 2021 trading volume 75 million decreased to 18 million in the last trading day.
5- Facebook: closed below 2020 closing price, and below its 50 EMA.
* Interestingly, financial metrics in most of them improved in their last report.
** This doesn't mean we will not experience 1-3 day positive moves, be careful with options trading!
*** This analysis could be a roadmap for short-time traders, and the story could be different for long-term investors.
Please leave your comments below if you think you have evidence contradicting this article.
Moshkelgosha
If you read this you will never participate in any IPO..!It is obvious that many people who participated in BMBL IPO are in red zone, but the worst has yet to come!
Look at TWITTER, SNAP,FACEBOOK, SPOTIFY, and PINTEREST historical charts..! Clearly anyone who participated in those IPO in the very first day lost 50-85% of his his capital in several weeks or months!
I’m currently conducting a study on IPO Ed stock in last 3 years, obviously you are in danger of losing your capital in 3 out of 4 recently IPOed stocks.
It doesn’t matter if you are a trader or longterm investor, you have to take care of your capital.
1st day IPO = Bubble burst..!
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. ... During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset)(investopedia)
BMBL chart is 30 minutes, others are weekly charts..!
Please write your experiences of participating in IPOs in comments
SNAP above highsSnapchat above 65.4 I expect bullish continuation. Once I see how open goes I will likely be entering calls.
Goodluck! Please like/share. Or drop a comment below and we can chat about it
FB (DJI) - Still in SidewayHumbled, we would like to thanks for your support who has already liked, commented and followed us.
Your support, strengthens us, to help in analyzing the market.
FB (DJI) - Still in Sideway
FB to buy at 272.81This stock requires no explanation, pure technical play
Queue to sell tonight
ACTC at market
IPOE at market
NNDM at market
NIO at market
Remaining stock in portfolio
YINN
WNW
QS
LIZI
$FB - Descending TriangleJust playing the pattern on this one. Measured move for descending triangle is based on the length of the longest side of the triangle.
Fib extension tool can be used to measure with a 1:1.
