2X 1WK Analysis! (+45% DISCOUNT)$FB has been getting killed since september 2021 &has fallen 45% since high. Strong balance sheet stock that will lead for the metaverse!
M2 Adjusted FAAMNG Tutorial/AnalysisThe current FAANG symbol does not have a very long history. Depending on the symbol, you get a chart that either starts from mid-2019 or 2016. We get couple more years of data in this chart, back to early 2014. I weighted each stock equally according to its 60 month average, and adjusted for M2 expansion, which gives us a very consistent support line. There's also a horizontal resistance line that extends from 2018 onward that is currently being tested as support, which raises the questions:
Is historical support now resistance? Is the resistance line now support? Or will we drop below the resistance line once again?
It wouldn't surprise me if we got a bounce here to once again test that the Support line is *actually* now resistance and the drop in price wasn't a fluke. Which, maybe it was. But on the other hand, smaller caps have gotten completely crushed, look at the M2 Adjusted Russell 2000 for example:
We're getting close to the "value" zone, but we're still at the bottom range of wholesale prices. I wouldn't be surprised if there's even more stop-loss style liquidations at these prices.
There are many many unprofitable companies, roughly 50%?!, that are feeling the pain in the Russell. It's not crazy to think that once the smaller caps fall, the rest of the larger dominoes fall. First, there were drops in sort of intangibly valued companies like Netflix/Peloton. Market shrugged it off. Then we saw a single day -0.25 trillion$ valuation drop in Facebook. Market shrugged it off. Now in the past few weeks, Amazon is finally looking terrible, and this is the first time in YEARS that the market seems to be taking it seriously. How long until Apple/Tesla bite the bullet? The market can only shrug off so much localized losses before it becomes systemic. It's only a matter of weeks or months, in my opinion, until we see the remaining FAANMG and others reflect the state of rest of the market.
So how did i manage to get the symbol on the chart?
This method is not perfect. There's lots of ways to do this. I decided to equally weight each stock by their 60 month SMA, given that mean reversion is a well known phenomenon. But you can use any anything you wish, as long as it normalizes the price in a way that you like. Literally anything.
First, I wrote down the SMAs like this:
60 month SMA:
FB = 221.34
AMZN = 2250.99
AAPL = 85.60
MSFT = 173.64
NFLX = 380.58
GOOG = 1585.70
Notice that AAPL has the lowest average, 85.6.
We can use AAPL as our "benchmark".
Divide every SMA by 85.6:
FB = 2.5857
AMZN = 26.296
AAPL = 1
MSFT = 2.0285
NFLX = 4.4460
GOOG = 18.524
Now we can add each price together, and divide by our adjuster that we just calculated, to get a fairly crude, but accurate enough, equally average-weighted basket:
AAPL+
FB/2.5857+
AMZN/26.296+
MSFT/2.0285+
NFLX/4.4460+
GOOG/18.524
Mash it all together, you get:
NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524
And adjust for M2 if you want:
(NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524)/FRED:WM2NS
This looks ugly though. The value is so small, there's no horizontal bars on the chart because of a display bug in TV or some other problem. So we can simply multiply the entire series by a value. in this case 15, until we get something that looks good.
(NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524)/FRED:WM2NS*15
There's a lot of ideas fairly similar to this out there, but I hope this helps someone who might be curious how people came up with these crazy long symbols. Try it with your favorite sectors! Make your own sector benchmarks. You can combine up to 10 symbols at once! Here we only used 6 symbols (7 if you include WM2NS).
Good luck and don't forget to hedge your bets :)
Facebook - Long PositionFacebook parent company Meta is headed for biggest single-day stock increase in six years
Volatility RisingGesundheit, Everyone!
… that sounded fun this morning :)
This most recent harmonic pattern in red, correlates to wave counts and indicators on the chart for our current position.
It is overplayed, and scaled and stretched (just a nudge) to better fit our current support (solid) and resistance (dotted) levels, and the most recent major movements (overlap area).
Whats this mean? Well, it is an inverse derivative of the SP500. It represents the spread between the 30 day future contract buys & sells. It goes up when the market makes big moves… and since we are pretty maxed out and rolling over the top, with a nice progressive increase in the VIX here, i would assume that means things are about to get real, as the market start cascading down the historic levels, that never got checked, due to inflationary practices, like stimulus money, and the the ponzu scheme o the federal reserve and central banks.
Karma will balance everything in the end. Here goes the balance of greed fueled capitalism! It’s gonna be a wild ride :)
Good luck, God Speed, Love & Light To All!
IS FACEBOOK OVERVALUED?Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment’s products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere.
Meta is a rock. It is one of the most profitable company in the world. It had a monopol power on social media platforms but now they have fierce competitions such as Tiktok and newly acquired Twitter.
They are aware of their limitation with growth from social media apps and they are investing in new areas. They change their name according to their new policies. But it is not certain if their new ventures will be as profitable as their old ones. Therefore they might lose some more value.
Right now price is %45 below of all time high.
Resistance areas
210
220
230
While support is
201
195
Thanks.
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Sell FaceBook I am selling shares on Facebook for several reasons.
We have a good level of repulsion.
We have a breakthrough to the previous bottom
We can collect from $ 20 to $ 40 per share
Expected 33% Gains for FB - Meta Platforms - 4H Analysis
Fb Looking like going long after breaking structure Facebook will going back to sell zone as red rectangle - don't miss this gain on Meta platforms
Let Me Know In The Comment Section Below If You Have Any Questions & Also Looking forward to read your opinion about it
Time to go against the grain of the general public with FacebookTime to go against the grain of the general public with Facebook #FB. I’ve been sharing my bullishness on Facebook and Metaverse on Twitter and through some of my videos. Many are focusing on Facebook through an advertising vehicle, but there is much more than what meets the eye. Just like the bullishness we shared on MSFT yesterday in trade alerts and recapping in our videos last night and this morning with the 282 targets - it was the evolution of Azure and the Mesh applications that we focused on. With Facebook, we carry the same principles of focusing on what many are not – expansion of services and areas least understood or passed to the side. I expect Facebook to expand on the Metaverse conversation and provide highlights into potential partnerships, service capabilities. Etc.
At the end of the day it matters how the markets react and not what the earning and call is all about. Nevertheless, I expect the markets to reward Facebook. There are significant comparisons of Facebook to Google and I believe that is a mistake by analysts.
In any case….
Bullish Target 1 is 216.93 to 219.92; Target 2 is 231.72 to 236.83
Bearish Target is 150.45 to 154.75
If the bottom is breached (bearish target) we would expect the price to close above 165.70 before the end of the week and back up towards 184.11.
FACEBOOK FORCAST - on the weekly chart : the price reaches a very strong support level
- on the daily chart : yestrday candle was green and today the price shows a slight rejection from underneath that could make a good wick and gives a buying opportunity
- personal opinion : we gonna have a perfect opportunity to entre as buyers due to that very strong support level that we saw previosly massive effects on the price
- best move : wait a little longer for the price to climb above the level and give us a confirmation candle
Facebook 5-0 harmonic pattern Facebook maybe make 5-0 bullish harmonic pattern
we will see next week
FB Potential For Bullish Bounce | 21st April 2022Price is near to the key pivot level. We can see a potential for bullish bounce from buy entry level of 198.49 which lines up with 78.6% Fibonacci retracement towards the take profit level of 212.11 which lines up with 38.2% Fibonacci retracement and 100% Fibonacci projection . Otherwise, price might break through key pivot structure and head towards the stop loss level of 190.42 which is a previous horizontal swing low support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FACEBOOK UPDATE- one the daily chart : a catastrophic day , the price made a massive dive hits the stop loss after giving us good signal of buying
- personnal opinion : the massive red candle with a big volume could be a signs that the buyers from before took their profits and a new uptrend will start
- best move : dont do anthing until the outcume of the dive becme clear
Was the FB Meta Platforms Sell-Off Predictable ?? Of course it was! Since $337:
And ahead of earnings i am thinking to buy the $77.5 strike price puts expiring April 29 for $3.30.
Looking forward to read your opinion about it.
FACEBOOK UPDATE (BUY/DOUBLE)- on the daily chart : descent green candle confirms the uptrend
- personal opinion : the uptrend will last until the upper level
- best move : double your position if it open or buy
FACEBOOK UPDATE (BUY)Facebook gave us a clean green confirming the buy
Best move : Buy and take youre profit in 235
FACEBOOK forcast .- on the weekly chart : the price hits a descent support level few weeks backs and bounced off it
- on the daily chart : a slight pullback took place but a very weak one .
- on the 15 min chart : yestrday ended as a green day after the price broke the VWAP upward . even tho it went under it again, att the end of the day , it closed on it
- personal opinion : the price will resume it climb with 75% chance of breaking breaks that level .
- best move : waiting for today's green candle to appear for confirmation on an end of the pullback and BUY
Feel free to cantact me if you want me to analyse something or keep an eye on a stock/forex/crypto... and gave you daily updates about
KAVA : Daily TA : 04.18.22 (IO)Technical analysis of #KAVA 's chart and its appealing ranges . Let's take a look at some of the high-potential cryptocurrencies in the market for investment, as you can see all the supports, resistances, targets, etc. are marked on the chart. Pay special attention to the specified levels that i mentioned in the chart . I think everything is obvious in the chart , but just in case if you had any questions pls feel free to ask .
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.18.2022
⚠️(DYOR)
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FB: Conviction to the downsideFacebook has a neutral to downside pressure. Downside to the 210-200 would be the first target if the trend continues. There are many possibilities into the world of Facebook / Metaverse, but challenges ahead will be more subjective than what many believe. In any case, the main focus is the charts and not the company itself; therefore, keep an eye on that April 7th low.
Even with some upside impulse moves in this bearish market; there needs to be significant conviction in both time and price to warrant a change in the complexion of its structure.
Until chart / price action complexion changes sentiment remains the same.
META: THE SELLOUT IS NOT DONE YETSome of you've wondered what is a good spot to add couple more Facebook stocks to your portfolio. Well, here is your short overview. There is a strong trendline that has been holding for past couple years. Sometimes the price didn't even make it to that level, but with 100% consistency the trend has always bounced up from it. Currently, the plan is to wait for the bearish run to be over (with a pull-back between the 2 support zones) and then execute a buy order at around 170-175$ (wherever the trendline would be hit). Stay tuned for updates on this trade and have a great day!
"Facebook Can't Go Lower" Part 3Back in February Facebook/Meta NASDAQ:FB dropped over -20% on earnings. This was crazy for such a big profile, mega-cap company and many investors though (and said) "Facebook can't possibly go lower" and used this justification to buy right on the drop. From a technical standpoint that drop blew past support and with so many people saying "Facebook can't go lower" my trader senses told me one thing... it WILL go lower. That is why I made that line into a meme at the time.
Now, after many new lows and 68 days of trading after the dump a technical setup has formed that I actually like. I don't know the future but at this point you have a defined bullish trend of buying to key off that has pulled back to a 50% Retracement. From this price action a trader can size their position and risk accordingly. This is something that was NOT possible if someone just bought on the dump alone.
It was entirely possible that Facebook could have gone lower and lower. Fortunately and unfortunately it did not. Fortunately, as many investors are surely glad. Unfortunately, because returning to breakeven and then profit fails to leave the impression on those that jumped the trade without patience.
The Lesson here is simple: Wait for price action to provide a setup. Even if it takes months.
FB Potential For Bullish Bounce| 12th April 2022We expect a potential bullish bounce from buy entry level of 215.39 in line with 78.60% Fibonacci projection and 38.2% Fibonacci retracement towards the take profit level of 235.59 in line with 78.6% Fibonacci retracement . Our bullish bias is supported by the stochastic indicator where price is trading at support level .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
