FBFB IS CURRENTLY UP 15 POINTS AH. IF FB CAN BREAK THROUGH THE 250 LEVEL IT CAN MOVE HIGHER TO 254, 259.
IF FB GAPS UP HIGHER OVER THE 250 LEVEL, I WOULD WAIT FOR A SMALL PULLBACK BEFORE ENTERING A LONG POSITION.
IF FB SELLS OFF AT OPEN, YOU CAN WAIT FOR A POSSIBLE BACKTEST OFF THE 247 LEVEL.
TRADE IDEA: 252.5C 7/31
**SAME DAY EXPIRATION ARE HIGH RISK PLAYS. SO BE AWARE OF THE RISK. YOU CAN PLAY NEXT WEEK EXPIRATION TO AVOID PREMIUM DEPRECATION .
i will update premarket
Amazon, Facebook, and Google Earnings - Who Won?This chart shows the immediate reactions of Amazon, Facebook, and Google earnings. Who won? Facebook is at all-time highs during this writing. It's also trading higher by more than 6%. The initial Amazon reaction is +4% and Google is +1%.
Here's a breakdown of each report. These earnings report snapshots com courtesy of LiveSquawk:
Amazon Q2 20 Earnings:
- Net Sales: $88.9B (exp $81.24B)
- EPS: $10.30 (exp $1.46)
- Sees Q3 Net Sales $87.0B To $93.0B (exp $86.51B)
- Created Over 175,000 New Jobs Since March
Alphabet Q2 20 Earnings:
- Revenue Ex-TAC: $31.60B (exp $30.45B)
- EPS: $10.13 (exp $8.21)
- YouTube Ads Revenue: $3.81B (exp $3.76B)
- Google Properties Revenue: $25.1B (exp $24.55B)
- Quarterly Decrease In Revenues 2% Y/Y
Facebook Q2 20 Earnings:
- Revenue: $18.69B (exp $17.31B)
- EPS: $1.80 (exp $1.39)
- Monthly Active Users: 2.70B (exp 2.63B)
- Daily Active Users: 1.79B (exp 1.74B)
The Facebook reaction says a lot to me and I have long been impressed with their sneaky entry way into online sales with Facebook Marketplace. I think next they will try to create a search engine that rivals Google. Of these three tech companies, it would seem Facebook has the most potential.
That's just my opinion.
What are your thoughts?
Facebook Losing Bull Traction? Channel Spotted..The current upward channel has been good signs for you bullish bag holders as we did break higher overall.
We need to keep in mind of were we currently sit on the upward channel though.
3 previous touches on this level of Resistance signaled selloffs to occur.
The green horizontal line is previous breakout for a new high, we yet to retest that price.
No way that I'm looking to long here too risky, I would like to see a pullback.
Best of luck.
Looking for a sell on facebook- Price way overextended to the upside on the daily timeframe (just like Tesla btw)
- Price retesting top trendline multiple times and rejecting it.
- CLEAR divergence from the RSI in relation to price action
- On a shorter timeframe, it is forming a triangle and let's see where it breaks:
𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐋𝐨𝐧𝐠 𝐓𝐫𝐚𝐝𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲Hi guys,
I am back on trading after a lot of travel. So I will update you with daily Signals on my profile. I am not going to heavily into the analysis. I am mostly trading technically.
So to provide you Signals without much blabla the posts will in the future look like this:
𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐋𝐨𝐧𝐠 𝐓𝐫𝐚𝐝𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝟏𝟔.𝟎𝟕.𝟐𝟎𝟐𝟎
Long Entry @ 𝟐𝟒𝟎.𝟔𝟎
Take Profit Level 1 @ 𝟐𝟒𝟏.𝟐𝟎
Take Profit Level 2 @ 𝟐𝟒𝟑.𝟔𝟎
Take Profit Level 3 @ 𝟐𝟒𝟒.𝟓𝟎
Take Profit Level 4 @ 𝟐𝟒𝟗.𝟔𝟎
Stop Loss @ 𝟐𝟒𝟎.𝟑𝟎
𝐇𝐚𝐩𝐩𝐲 𝐓𝐫𝐚𝐝𝐢𝐧𝐠