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.
BTO = buy to open
STC = sell to close
STO = sell to open
BTC = buy to close
TD = Theta Decay (for example a strangle or iron condor)
These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice.
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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
FACEBOOK: FUNDAMENTAL ANALYSIS + NEXT TARGET PROJECTION 🔔Over the past few weeks, Facebook has been in the headlines for all the wrong reasons. In mid-September, The Wall Street Journal began publishing a series of investigative articles called "The Facebook Files," which criticized the social media giant for its business practices. These publications coincided with the surprise announcement that Facebook Chief Technology Officer Mike Schroepfer, who has held the position for 13 years, would step down next year. Schroepfer will be succeeded by Andrew Bosworth, who is currently head of Facebook's hardware division. Bosworth's appointment raised more questions after an internal memo from 2016 surfaced. In that memo, Bosworth stated that Facebook should continue to connect people even if "someone dies in a terrorist attack coordinated by our tools" or "takes a life by exposing someone to bullies." In early October, Frances Haugen, a former data scientist and product manager for Facebook, identified herself as a whistleblower who provided internal documents to The Wall Street Journal in an interview on "60 Minutes." Those reports prompted a new hearing before the Senate Commerce subcommittee, which began Sept. 30 and led to Haugen's Oct. 5 testimony. On Oct. 4, Facebook, Instagram, WhatsApp, and Oculus went offline for more than six hours, the most serious outage in the company's history. This ongoing string of bad news, along with a broader sell-off in tech stocks, has caused the Facebook stock to fall about 12 percent over the past month. But can these controversies really hold back Facebook's long-term growth? Or have they simply created another buying opportunity for investors who still believe in Facebook's future? The Wall Street Journal claims that Facebook is using a system called "XCheck" to shield its millions of VIP users from the usual enforcement rules, that the company turned a blind eye to how "toxic" Instagram was to teenage girls, and that an algorithm change in 2018 that was designed to increase user engagement led to sharper conflicts for audiences instead. The report also claims that Facebook didn't crack down on posts about illegal activity even after they were flagged by its own employees, that misinformation on its platform prevented many Americans from getting vaccinated, and that the company was trying to engage teenage users well before the recent development of Instagram Kids, which was suspended in late September as the Facebook Files crisis escalated. During an interview on "60 Minutes," Haugen said that whenever Facebook faced a conflict of interest between "what's good for society and what's good for Facebook," it repeatedly "chose to optimize for its own interests, like making more money." The Facebook Files and the Senate hearings alone probably won't be able to stop the growth of the tech giant. However, they could provide new support for the Federal Trade Commission's ( FTC ) crusade to break up the company, as well as an escalation of Apple's attack on Facebook's data processing practices. Last December, the FTC filed a lawsuit against Facebook, alleging that its acquisitions of Instagram and WhatsApp were anti-competitive. That lawsuit was dismissed in June, but in August the FTC filed an amended lawsuit against Facebook, in which it still insists on separating Instagram and WhatsApp. Facebook asked the court to dismiss the new suit in early October, but the Facebook Files situation could tip the scales in the FTC's favor. It could also bolster support for Apple's recent privacy update for iOS, which allows users to opt-out of data-tracking features in all apps. Last quarter, Facebook warned that Apple's iOS update would likely affect the company's growth in the second half of the year. Analysts still expect Facebook's revenue to grow 39 percent this year, thanks to an easy comparison to the initial impact of the pandemic last year but will grow only 20 percent next year as the company faces more regulatory and platform hurdles. Facebook has been hit by a barrage of negative headlines, but investors should remember that the company has already weathered numerous scandals, including the Cambridge Analytica scandal, the Myanmar genocide cases, and the Jan. 6 attack on the U.S. Capitol. Each time, critics have urged people to boycott Facebook. But Facebook continues to grow, with 3.51 billion people monthly using its family of apps (Facebook, Messenger, Instagram, and WhatsApp). Even if the FTC is successful in splitting Facebook into several smaller companies, its investors are likely to get new shares of Instagram and WhatsApp, which could bring much more profit than Facebook's core business. Therefore, Facebook will continue to expand, and the recent controversy will not significantly slow its growth-especially in foreign markets that do not follow the story of the Facebook Files. If you have moral objections to Facebook's business practices, don't buy its stock. But if you think the company is simply in the painful throes of growth, its stock still looks like a bargain at 23 times forward earnings
Will FB Stock Recover From Its Latest Controversy?It is hard to find a positive word about Facebook (NASDAQ FB), possibly for a good reason.
As the dominant social media platform, it has experienced its fair share of controversy and accusations of impropriety since its inception in 2004. Controversies that readily come to mind include misusing user data and helping bad-faith actors interfere with US elections. The latter accusation, may be a a little tenuous. nonetheless, I’m firmly in the camp that believes that the world would be better off without the platform existing. It appears that Facebook’s own research may back up this assertion, as revealed by data scientist and former Facebook Product Manager turned Whistleblower, Frances Haugen.
Facebook’s latest controversy
Haugen left Facebook in May 2021, but not before scanning thousands of pages worth of documents pertaining to internal research the Company had conducted. The research purports to acknowledge the harm that Facebook and its family of apps cause to its youngest user’s mental health, in addition to its use in spreading misinformation. This research was not openly disclosed.
Haugen spent Wednesday testifying in front of US congress and called for policymakers to consider regulating Facebook. Since 2018, Haugen argues, Facebook’s algorithm has prioritised a newsfeed that is dangerous, inflammatory, and yields unhealthy side effects.
It could be that Haugen’s whistleblowing will strengthen policymakers’ resolve to regulate Facebook.
Will the SEC get involved?
Haugen has filed eight whistleblower complaints with the Securities and Exchange Commission (SEC). As a publicly listed Company, Facebook owes a duty of care to its investors to disclose information relevant to its performance. Arguably, the results of its internal research should have been disclosed, or at the very least, the Company should not be misleading the public about its progress to combat its harmful offshoots or omitting what its research shows to be true. This is what Haugen’s expose has revealed to the SEC. If the SEC proceeds with opening a case in relation to Haugen’s allegations, FB Stock may experience a material impact.
Did FB Stock shrug off another controversy?
On the day that the whistleblower story broke, Monday 4 October, FB stock fell 2.77%. Coincidently, Facebook and its family of apps experienced a 7-hour outage on the very same day that may have heightened investors’ concerns about the stock. Although, to put the 2.77% into perspective, it should be noted that FB Stock experienced very similar and frequent drops over the course September without any obvious causes.
By the close of Wednesday, at the time of writing, Facebook has almost clawed itself back to its Monday opening price. FB stock rose 1.33% on Tuesday and another 1.18% on Wednesday.