Bullish Charts - Golden Cross, Facebook Shuts Down HobbiPinterest, Inc. provides visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, home and style ideas, travel destinations, and others. It shows them visual recommendations based on people personal taste and interests. The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in April 2012. Pinterest, Inc. was founded in 2008 and is headquartered in San Francisco, California.
On 07/01/20, news hit the wires that said Facebook confirmed it was shutting down its rival website / app Hobbi leaving Pinterest with great potential & almost no competition.
With Short Sellers controlling around 5.54% of the stock, and the news that Facebook is shutting down its rival app, I think this stock could easily run and possibly double in price.
Daily Chart is Bullish
The 50-Day MA just crossed up above the 200-Day MA
Volume, MACD, RSI, Stochastic and Accumulation are all Bullish
The Cloud is Bullish - Indicators listed below.
12-Jun-20
20.89 Bullish Chikou Span Cross Strong
29-May-20
20.29 Bullish Tenkan/Kijun Cross Strong
26-May-20
19.50 Bullish Kijun Sen Cross Strong
26-May-20
19.50 Bullish Kumo Breakout
27-Apr-20
20.78 Bullish Senkou Span Cross Strong
PINS could be the only play in town for what it has and does.
Long!
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Facebook: The 1 year pattern. Sell opportunity.Facebook has a unique sell entry pattern holding since April 2019. As seen on the chart, there is a +1 year trend-line of Higher Highs. Every time FB touches this line, it pulls back to the 1D MA200. Out of the previous 3 occasions, 2 times the 1D MA200 held while 1 time (COVID) it broke. At the moment FB is rising following Friday's strong selling but until it makes contact with the 1D MA200, we are not convinced that it is a buy again. We are selling on every rise and will book profit on the 1D MA200.
See how we used this pattern last time in January to great advantage:
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Facebook stock : Is going up and down then right back upaccording to candlestick analyses it is highly pridected foe facebook to go up anf the trend line supports that after that there will be a minor down trend but as soon as possible it will go up {VOLUME ANALYSE } wich means that it is a buying sign
so i can be wrong but if i am don't hesitate to contact me pls
thanks
FACEBOOK DISCOUNT? Back to 230's i think happy Sunday everyone. While the stock market was blood red on Friday, it made for some sweet deals on stonks lol. Here is my two cents. If the stock market falls then the economy is screwed. As much as it sucks its the truth. If something were to happen it would already happen. Friday for whatever reason was a slow day. The volume was low except for Facebook. Facebook was in that channel and found some resistance (241). They bounced off it 3 times so it was really trying. It broke its smaller channel when the sell off began. My expectation is that Monday (June 29) the stock should be bought up. The news for the sell-off was people pulling their ads from the site due to some racial controversy. Pepsi pulled out today (June 28th). The stock will most likely open lower but every Monday has been bullish. If the rest of the market is going up then Facebook usually will. Facebook is something that is a long term hold from what I've heard. That's all I've got lol
PS: if you are trading options just do within 5-10$ range. The only time it should just rip upward is if it falls to far and tries to get back into the original channel.
good luck, trade smart,
this is not trading advice. I am new and don't know anything. hoping this helps
good luck lol
trend and news analysis of facebook stockin January , waterfall happened in facebook stock because of the pandemic , and price reached to the bottom of the long term channel
( yellow trend lines ) meanwhile the stimulus packages help market to recover the loss , a few days after the beginning of up trend , Hopes for reopening also began and help the bulls , until price reached to top of the channel and some breakout happened but the market trading with a low volume on these days and it couldn't fix above the channel ( yellow trend lines ), meanwhile this things happening on that moment the company made some mistake in its policies and some major companies stop (ban) their adds on facebook platform ( This may reduce the facebook earnings and revenue in future ) and second wave of corona start a bear trend . two scenario might happened in future :
1. price react to the green zone which is showed in picture and start a up trend or range trend for some moments ( range trend is more possible) .
2 . price breakout the support zone and head to a another support zone which is showed by red rectangle .
after all i think company are facing some major problem and it could have a direct effect on facbook stock .
Facebook - Technical AnalysisThe idea is to hold as prices might keep going down due to the fundamental analysis. More companies might stop advertisements on Facebook (and Twitter).
The idea is to invest always in the trend direction, as the trend is bullish and now the prices are in a retracement stage, the wisest option is to wait to go long again for a long term investment.
Fundamental News:
Unilever pauses Facebook and Twitter advertising for rest of 2020 due to ‘polarized atmosphere’ in U.S.
NASDAQThe time has come for the Nasdaq to begin the dump, looks like there will be some blood on Monday & Tuesday, S&P 500 is already testing the 50 & close to testing the 100 , 200 ema so NASDAQ will likely follow suit, and there should be a dead cat bounce off the ema B4 a larger correction starts to play out.
Facebook loses ads, but does it matter?Facebook has gone through some big drops the last 12 months or so. Like really big. And people continue to give Facebook a hard time.
No one seems to like Zuck. I get it.
But, someone out there is accumulating Facebook on every drop. It crashes, roars back to all-time highs.
They are being pressured today after some ad sales drama. Companies are pulling ads. Does it matter? Should we care? I will be watching closely. Many people have called for the end of Facebook but they continue to grow and hoard cash.
Occulus, WhatsApp, Instagram... and the list goes on. Watch it carefully.