FB Announces $50BN Buyback.Facebook Swings Wildly After Revenue Miss, Poor Guidance But Announces $50BN Buyback.
A quick look at market expectations: Facebook is is expected to report Q3 EPS of $3.19 on revenue of $29.45 billion, which would amount to growth of 37%, a drop from the 56% Y/Y growth in Q2, which however lapped a quarter heavily impacted by Covid lockdowns.
Analysts also are not expecting much user growth sequentially. Estimates for Facebook’s daily and monthly active user totals for its “family” of apps are the same as they were the previous quarter.
Realizing that earnings may be frowned upon, Facebook also bought back more than $14 billion worth of shares in the third quarter and has approved $50 billion more in buybacks, as well.
Facebook, Weekly chart, Fibo Levels.
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FB LONG Position: LONG
Entry Price: $324.61
Target Price: $395.00
Stop Loss: $320.00
MACD line has connected with the Signal Line. This means that there is some positivity in the market pertaining to whether to buy or sell FB.
RSI shows that FB is not overbought or oversold and hence indicates a stable for the stock. Hence, it is expected that this direction of the trend is maintained.
ADX is currently at approximately 32 (a number this high means that a strong trend is being maintained and is expected to continue)
Conclusion: A long position is recommended as the general trend seems to be bullish over the past few years and it is expected that the stock follows the same channel in the long run.
no financial advice
FB at Critical levels hereFB is sitting at a very crucial level here. After dropping about 15% from ATH levels, it just had one of its biggest drops of the downtrend so far. Because of the news that Trump Media and Digital World Acquisition Group are merging, this will be another competitor to FB and Twitter, no matter what people think. This will take some market share away from the big social media giants, and this has reflected in the FB and Twitter share prices in the last couple days.
Personally, I believe FB will use its recent acquisitions, and massive market share to blow past this minor dent and will create its own monopoly again on the social media world.
We have seen cases like in China, where WeChat runs the entire country and all transactions, pretty much, are done through the WeChat platform.
With FB trying to monopolize, and creating its own cryptocurrency, or token, we can maybe see the beginning of a new era with FB.
Things to note:
Earnings: FB announces earning on the 25th, and we can expect this to make or break the stock.
$300 is a critical level, and if FB breaks down, we could see a retest of the lows where Trump was banned from FB, and Twitter.
Buying shares at this level, and will average down if a breakdown does occur, but I do not see FB dying lower than $300, and if it does, we will see a nice long bounce up to original levels.
Short term: could be bearish, and could see even lower lows until a reversal occurs
Long term: Bullish and I think this is a good price to get started in FB shares long term.
TRUTH Social vs Facebook Vs Twiter Market CapDWAC has a Market Cap of only 1.635B, but let`s put the less upside potential 1.7Bil usd at 10usd valuation, then the value of Trump Media & Technology Group should be 7.7Bil.
Twitter has 52Bil mk cap, so still a 6.7Xupside.
FB Facebook, Inc. has a Market Cap of 963.91B, so 99X from here.
what is your price target for DWAC???
Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement.
The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination.
Truth Social is aiming for a beta launch in November.
TRUTH Social will be a competitor to Twitter and Facebook .
TMTG+ will compete with Netflix and Disney+.
TMTG news will compete with CNN and iHeart Radio.
They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal).
Could this be the new Twitter / Facebook platform?
Can we expect a retracement to January 2021 area because of TRUTH Social gaining momentum and market share?
I`m looking forward to read your opinion about it!
SPX S&P500 double top?After calling the dip of SP500 here:
Now SPX just hit a strong all time high resistance that can turn into a double top from which we can expect a pullback to 4430usd.
Let`s not forget also that one of the FAANGs just lost 42.5Bil in post market because of a rival platform, TRUTH social, owned by former president Donald Trump.
And who knows how much they will lose tomorrow!
I`m looking forward to read your opinion about it.
FB Facebook to lose market share for TRUTH Social ???Facebook suspended former President Donald Trump until at least January 2023,but retaliation has begun.
Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement.
The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination.
Truth Social is aiming for a beta launch in November.
TRUTH Social will be a competitor to Twitter and Facebook .
TMTG+ will compete with Netflix and Disney+.
TMTG news will compete with CNN and iHeart Radio.
They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal).
Could this be the new Twitter / Facebook platform?
Can we expect a retracement to January 2021 area because of TRUTH Social gaining momentum and market share?
I`m looking forward to read your opinion about it!
Tump`s TRUTH Social to compete with Twitter and Facebook Donald Trump announced yesterday the creation of the Trump Media & Technology Group (TMTG) which will develop and launch a new social network!
Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement.
The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination.
Truth Social is aiming for a beta launch in November.
TRUTH Social will be a competitor to Twitter and Facebook.
TMTG+ will compete with Netflix and Disney+.
TMTG news will compete with CNN and iHeart Radio.
They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal).
Could this be the new Twitter/Facebook platform? we know Trump is in war with them!
Twitter permanently banned Trump from the platform in January 2021 during the final days of his term. Back then he had over 88.9 million followers.
if every one of them buys DWAC, the SPAC with which TMTG will merge, for only 100usd, the mk cap will be 9Bil. now the Market Cap of DWAC is 1.635B. So still a 5.5X upside.
The irony is that the same hedge funds that sponsored the campaigns of Hillary and Biden, now invested in Trump`s SPAC. :)
Investing right now could be like planting the seeds in Facebook back then.
My extremely speculative valuation is half the market cap of Twitter by year`s end, so considering half of Twitter`s mk cap and 1.7Bil valuation for TMTG at 10usd results 150usd price target!
We bought DWAC at 12.84usd in our trading group.
I look forward to read your opinion about this!
Facebook ( FB ) bullishafter facebook's mini crash ,the stock price rebounded on a long term trendline and a 360 simple moving average , the stock price has a PE ratio of 25 which is the average of all TECH sector
in overall fundamentally and technically this could be a good opportunity to buy facebook's stock
Tech Sector Returns - YTD Tech Sector Giants Returns - FY21' - YTD
FB +29.9%
MSFT +43.86%
AMZN +7.21%
GOOGL +86.58%
IMB +13.09%
AAPL +28.32%
With upcoming earnings season, Apple's latest announcement earlier this week, and the holiday season approaching, I continue to have a bullish outlook on the Tech sector overall as FY21' continues.
Facebook long opportunityEntry price: 335-340$
Target price: 352-354$
RSI: neutral, approaching 50 level, so there is potential for the future growth.
Candlestick Patterns: Hammer and Bullish Kicker
Fibonacci Extension: The last candle crossed the Fibonacci 161,8% level.
Conclusions: Candle patterns and RSI suggest bullish momentum of the asset. Moreover, the price just crossed the last resistance level, thus the long position is recommended after this resistance level will be retested as a support.
No financial advice
Facebook, 11 OCT - Elliott waves | Gann | Astrology $FBFacebook continues to unfold in 5 waves to the downside (green count).
We are looking for wave v to complete at Gann level 320 or 311.
Gann level 320 is 7 levels from the ATH, which corresponds to a 315 degree rotation on the square of 9. Level 311 would correspond to a 360 degree rotation.
Potential drivers of volatility are Mars in trine with natal Venus on 11 OCT and Venus conjunct with natal South node on 18 OCT, potentially bullish.
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In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas.
The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
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BTC's Possible Double-TOP ⚠️ 🐻 ⚠️Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BITCOIN /USDT H:4 Chart - Heiken-ashi
📌 PRICE ACTION - Fibbo - Double-Top
📍 Bitcoin may create a double-top after filling the first target of bullish-flag
✍🏼 Straight to the point, Bitcoin may create a possible double-top in H:4 and daily time-frame which can lead the price again to the 44-45k zone
✍🏼 After the vast internet shutdown and failure of centralized plat-forms such as Facebook , WhatsApp and Instagram; Bitcoin and other crypto currencies pumped big in just less than a day.
⚠️ However, from technical-analysis point of view I am just concerned about a double top at 53k price zone.
✍🏼 If the scenario 1 fails, of course BTC is going to see the 57-58k price zone more easily than everyone thinks.
⚠️ RSI in H:4 looks so much in overbought position; more than 80-85 RSI is such a dangerous zone.
LINK OF MY BULLISH-FLAG TA IS AVAILABLE BELOW, PLEASE CHECK IT OUT
THIS IS NOT A FINANCIAL ADVICE, IT IS JUST MY OPINION