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Facebook bullish ER runup planNYSE:TWTR NYSE:PINS NASDAQ:FB Facebook is currently looking GREAT for a rally. It is currently bouncing off 200 EMA (very strong support), at .236 fib level (bounce region?), potentially breaking out of the bull flag pattern, 6 oscillator bullish divergence, AND Earnings on Wednesday? I smell GREAT chances for a rally especially with a lot of other Tech and social media stocks having earnings this week. This should be a great week for social media stocks like Facebook and tech stocks in general. Currently in a squeeze but I am expecting that we are flying on release. Planning on buying a few calls on monday, and playing the ER run up. Good luck to anyone thinking about hopping in! Lets make some money!! If you liked this, follow me on twitter to see all my new TA @greg_trades_
NASDAQ:METALong
by greg_trades_
Facebook Bullish IdeaThe analysis is as follows It appears that we are in wave 5 of a greater trend move. This is confirmed by the fact that we have just broken out of a triangle, and according to Elliott wave principles, the triangle always and only precedes the last move of the greater trend. In addition to being the wave 5 of the greater trend, within the wave 5 we are in wave 3, of 3, of the wave 5. As a result, I expect to see facebook go up much higher in the near future. I believe we are in the wave 3 of 3, since the recent move from march 25th to april 8th was a clear impulsive move. In addition to this, the wave before that was also a clear impulse. The reason I am not labeling this as 1-2-3, is because the wave 3 would be incredibly short in time and price. I highly doubt this is the case, since if it were, the wave 5 would have to be ending very soon, and for the wave 5 to end with such little price moves and so quickly, it just isn't realistic. Since both of these moves are contained within parallel lines, I am looking for a big move up, to breakout, and confirm that we are in the wave 3 of 3. I would be concerned about my wavecount, if the price continued to fall below 298. Target for the wave 3 of 3 is the 1.65 which is around 345-350. The next target is the 2.00 which happens to be the 1.65 projection off of the greater wave 1. I am anticipating that his move will be made very swiftly since it is a wave 3 of 3.
NASDAQ:METALong
by Mika_k
1
FB Stock 10/04/21 Analysis 4H Chart- Trend Analysis - 📑Value: 6/20 📈Growth: 16/20 💰Profitability 20/20 🚀Momentum: 18/20 💸Earnings: 16/20 🖇️Total Score: 76/100 Data: Volume 15.98M Average Volume (3 months) 21.17M Previous Close $313.02 Open $311.52 Shares Outstanding 2.41B Technicals: ( Simple Moving Average ) 10D SMA $297.51 (+5.03%) 50D SMA $274.65 (+13.77%) 200D SMA $266.95 (+17.05%) Market Cap $891.38B Total Debt $11.18B Cash $61.95B Enterprise Value $840.60B Revenue $85.97B Gross Profit $69.28B Net Income $29.15B EPS Diluted $10.09 Free Cash Flow / Share $8.29
NASDAQ:METALong
by investor_kings
FACEBOOK - Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow. FACEBOOK is approaching a strong daily supply in green and round number 300.0 so we will be looking for sell setups on lower timeframes. on H1: FACEBOOK is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple). Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone) Until the sell is activated, FACEBOOK would be overall bullish and can still test the 300.0 level or even break it upward. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:METAShort
by TheSignalyst
46
FACEBOOK INC. (FB)After an incredibly lazy February, Facebook (FB) gave a small sign of upside on March 11, which was almost totally eated the following day where the price tested again at the 20 EMA. The future of mobile gaming is getting out of hand to Facebook, which is present with its Ocucus Rift & Quest in VR, but which has not been able to carve out a place among the giants (Apple, Google and Microsoft) despite having a well-tested platform. . The fact that it never made a turn, never built proprietary hardware (only bought Oculus), was a determining factor for a company that, in the end, lives on advertising. The mid-long term view remains bullish. 1 price target: $ 286 2 price tag: 300 $ As usual, I will keep the position updated, but I anticipate that in the event FB reaches $ 300 I will liquidate the profits accrued so far, keeping the remaining shares with a very advantageous entry price even today. Lazy Bull DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
NASDAQ:METALong
by LazyBull5
Is that a bullish pennant forming? Facebook appears to be in a consolidation phase. It looks like a bullish pennant is forming and may continue to play out for the next few months. The signals are suggesting that the price is likely to fall somewhat. Lets see if it holds at the support line at around $244. The question is, should one wait before getting into the stock or be of the opinion that an entry point of around $255 - $260 should be an attractive entry point after the bullish pennant has been completed? Fundamentally its a great company and a solid buy and hold. I think it all comes down to the entry point and position size. Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader. Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
NASDAQ:METALong
by JesseMorgans
Facebook: Triangle Pattern To Send Price To A New Record HighFacebook still remains the biggest social media platform, growing its user base to about 1.9 billion daily users and 2.8 billion monthly active users. Facebook stock was down to $137.21 per share in March 2020, losing approximately 38% in the first three-month of 2020. But boy, what an entry point that low turned out to be. Facebook stock surged to nearly $306 by August 2020, up 120% in five months. Unfortunately for the bulls, since August 2020 the bears have taken over and sent the price to $243 for a 20% correction. As of this writing, it is still down some 10% from the record high. Should investors buy this dip? Elliot Wave View The daily chart above puts the post-March 2020 surge and the subsequence sideways move in the Elliott Wave context. The surge from FB’s coronavirus low of $137.21 in March 2020 took a shape of a five-wave impulse. The pattern is labeled (i)-(ii)-(iii)-(iv)-(v) in wave A. According to the Elliott Wave theory, a three-wave correction in the opposite direction follows every impulse. And indeed, the sideways decline that started from $305.05 high in August 2020 fit for the three-wave correction. This range-bound price move that has been unfolding for almost eight months has a place in the Elliott Wave principle and is very fit for a contracting triangle pattern, which is labeled as (a)-(b)-(c)-(d)-(e) in wave B. Facebook Bears Are Overstaying Their Welcome According to the Wave Principle, a triangle usually precedes the final move of a sequence and the price will resume in the direction of the impulse once a three-wave correction is completed. Considering that the triangle corrective pattern is completed, it makes more sense to expect a rally above the 2020 high of $305.05. Aside from the Elliot Wave principle, Facebook price action has been respecting 200-day Exponential Moving Average, this indicator usually acts as a strong demand zone during a corrective phase and only reinforces our optimism. If this analysis is correct, Facebook stock has the potential to rally above $400/share, that’s a 45% advance from the current market price. What's your view on Facebook stock? Let me know in the comment. Thanks for reading! Veejahbee.
NASDAQ:METALong
by Veejahbee
4