Going long 
FB coming into earnings call, p/e ratio is at 20
Rsi in the long term severely over sold and MACD bottoming out
I think FB is going to offer earnings call with good results, they have been extremely quite during the sell off.
Instagram is on fire and i think one of the most used social networks atm with ad revenue starting to come in adding ontop of FB ad revenue, we should have stella earnings results
We are in a descending channel, touch the bottom of the channel at $149 with RSI showing a bullish divergence
Entry: $145
Stop Loss: $133 on long term support
Target 1: $156 30%
Target 2: $171 30%
Target 3: $200 remaining
If overall market sentiment shifts out of the drop then this is a great long term hold, with discount prices at early 2017 level and FB is just starting to rev up its over all ad network , with great earnings per share as it is.
FB coming into earnings call, p/e ratio is at 20Rsi in the long term severely over sold and MACD bottoming out
I think FB is going to offer earnings call with good results, they have been extremely quite during the sell off.
Instagram is on fire and i think one of the most used social networks atm with ad revenue starting to come in adding ontop of FB ad revenue, we should have stella earnings results
We are in a descending channel, touch the bottom of the channel at $149 with RSI showing a bullish divergence
Entry: $145
Stop Loss: $133 on long term support
Target 1: $156 30%
Target 2: $171 30%
Target 3: $200 remaining
If overall market sentiment shifts out of the drop then this is a great long term hold, with discount prices at early 2017 level and FB is just starting to rev up its over all ad network , with great earnings per share as it is.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.