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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
NASDAQ:META
by tunripboyo
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 .
NASDAQ:METAShort
by mohamad_mi
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.
NASDAQ:META
by Mauriello
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.
NASDAQ:META
by scheplick
8
💰 Will Resistance Hold For Facebook? (FB)💰 LET'S GET INTO SOME FACEBOOK ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🤷‍♂️ Neutral - 3day Chart - Green Engulfing Candle - 3/3 EMA DOTS Green Facebook is sitting on a key level of Resistance but has not shifted on any indicators yet for the 3 day. Let it play out the rest of the week and see how it closes. Best of luck to you and all of your trades this week! 🤜 Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
NASDAQ:META
by UnknownUnicorn2319099
Elliott Wave View: Facebook Should See More UpsideFacebook (ticker: FB) shows a higher high sequence from June 15 low, favoring further upside. The 30 minutes chart update below shows that the stock ended wave 3 at 241.75 high. Afterwards, the stock did a pullback in wave 4. Wave ((a)) ended at 223.55 low and wave ((b)) bounce ended at 231.66 high. Facebook then extended lower in wave ((c)), which ended at 222.53 low. Up from that wave 4 low, Facebook resumed higher in wave ((i)) as 5 waves impulse Elliott Wave Structure. That rally in wave ((i)) ended at 238.46 high. From there, the stock did a pullback in wave ((ii)), which unfolded as a zig-zag Elliott Wave Structure. Wave (a) ended at 233 low and the bounce in wave (b) ended at 237.88 high. Facebook then declined lower to end wave (c) at 231.73 low. The stock has resumed higher since. It has broken above the previous wave 3 high, confirming the next leg higher in wave 5 is already in progress. From wave ((ii)) low, the stock extended higher and ended wave i at 237.59 high. The pullback in wave ii ended at 232.15 low as a zigzag Elliott Wave Structure. From there, the stock resumed higher and ended wave iii at 240.83 high. Wave iv then unfolded as a triangle and ended at 238.75 low. The stock then pushed for another high in wave v, which ended wave (i) at 234.92 high. Wave ((ii)) pullback is currently in progress. Near term, while pullback stays above 231.73 low, expect the dips in 3,7, or 11 swings to find support and Facebook to continue to extend higher.
NASDAQ:META
by Elliottwave-Forecast