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Facebook bulls almost ready to takeoverWe could se a retest of the key support line ( 169.63 ) on the daily timeframe, price has tested and bounced on a few occasions ( marked by the arrows on the chart ) if we take into account the fundamentals along with the technical analysis both point to the bulls taking over and pushing price higher. • Daily active users (DAUs) – DAUs were 1.47 billion on average for June 2018, an increase of 11% year-overyear. • Monthly active users (MAUs) – MAUs were 2.23 billion as of June 30, 2018, an increase of 11% year-overyear. • Mobile advertising revenue – Mobile advertising revenue represented approximately 91% of advertising revenue for the second quarter of 2018, up from approximately 87% of advertising revenue in the second quarter of 2017. Trade will be sent to our clients along with SL and TP once it becomes valid to enter, if you would like to join us then please message.
NASDAQ:METALong
by Fab_Forex
5
Look at the Bigger Picture, the UPTREND is still intact $FBIf you a take a step back and look at the bigger picture, the uptrend is still intact. Fundamentally, the earnings weren't disastrous. I felt that physiologically, too many people piled into FB in the past few months with a very optimistic view and once they heard a droplet of bad news, they over-reacted and the stock plummeted. However, hindsight is 20/20 but playing earnings is many times like flipping a coin. I've taken advantage of this recent drop and have purchased future dated call options. -- DISCLAIMER Disclosure: I/we have positions in the investments/securities mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose investments/securities is mentioned in this article.
NASDAQ:METALong
by welf
Facebook is one step away from the biggest failure in the historLooking at the Facebook share price chart (see the figure above), there are literally no signs of an approaching disaster: the price at record highs and the annual growth rate approached 25%. But trouble is already knocking on the door. Yesterday after the market close, the company unveiled quarterly results. And we can’t say that they were very much a failure. Revenue rose 42% to $ 13.2 billion (although analysts had expected $ 13.3, but the deviation is quite insignificant within the margin of error). The number of active users was 1.47 billion (analysts' expectations of 1.48 billion), which is 11% more than a year ago. Net income per share even exceeded forecasts of analysts $ 1.74 (analysts' expectations of $ 1.71). But investors reacted very painfully to the comments of David Wehner, the chief financial officer, that the company's revenue growth will continue to slow. He noted that the rate of revenue growth will soon become a single-digit number from a two-digit number. After that during the after-hours trading shares of the company collapsed by 24% (!). This is the largest one-day drop in the history of the US stock market in USD terms. The company lost over $ 150 billion (!) in several hours. What makes Facebook an absolute champion. Recall that before that, Intel was ranked first (the amount of one-day losses was $ 91 billion), followed by Microsoft ($ 77 billion), Apple ($ 60 billion) and Exxon Moblie ($ 52 billion). Despite a quite depressing picture, we consider such a development of events a classic market overreaction, when investors and traders greatly overestimate the significance of an event and the price deviates significantly from the fundamental value. This leads to the appearance of temporary inefficiency in the stock market, that is, opportunities for earning. The fact is that anomalies (and in this case it is a classic case of a market anomaly) tend not to last long and the markets return to their equilibrium state. Therefore, we recommend taking advantage of the unique opportunity that arises extremely rarely and earn by trading on Facebook promotions. According to the OverReaction Hypothesis, deviation from the equilibrium price in the form of overreaction disappears with time and occurs in the form of the contrary movement. That is, after a sharp decline in shares, Facebook should grow in value. Therefore, we recommend today the purchase of Facebook shares for quick earnings. Once again, this is a unique opportunity, and such chances arise on the market very rarely.
NASDAQ:METALong
by Trade24Fx
FB @ 15 min @ 118 should be defended (all bulls)FX closed last week more or less around weekly high last week before. Essentiel for all bulls is, at least, in my opinion, the 118 price area (based on 15 min chart), `cause around 118 the upside confirmed at start of last week - and even turned around back to above 120. Last weeks low (117.65) and the end of price channel start (116.95) could be good backup long entries also, next week, if FB comes under pressure. But from the techniacl point of view, nothing is speaking for a price pressure next week - even until 115.07 (last week before low). Why i am pretty slightly optimistic by FB prices above 118, for the next few days (around christmas & year end/start). 121.68 & 122.10 are the prices to beat at first and let left behind to get a constructive bullish upside trend, `cause 2 swallows don`t make a summer! Even two green weeks not a bullish trend :) Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a analysis (for swing traders) - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
NASDAQ:METALong
by Devise2Day
FX @ daily @ 119.25 make or break line unti end of this year `16119.25 is the make or break line, in my opinion @ until end of thuis year 2016 Why? `Cause prices above 119.25 are completing and confirming the w-trend-reversal-wave - under the gap (last 25 trading days). Support lines under the make or break line by around 119.25 are 115.22 & 114.00 price are, which both are even manifesting the w-wave! Independently, if the make or break line more or less by 119.25 holds next week, much more importnat is that until the end of year traders don`t trade under 113.55. Because at prices above 113.55 (and 114 & much more 115.22) it should only be a quest of time when the traders are buying/selling this share above 119.25 and higher again ... 122.10 is the 1st target for bulls 122.98 is the 2nd target for bulls 124.61 is the 3rd target for bulls But recapturing the GAP of last month is the main scenario for bulls 123.28 lower edge of the GAP 126.28 upper edge of the GAP `Cause if the bulls win back above 126.28 at least, it should only be a question of time when we trade FB share to new all-time highs - even 133.50 and higher ... I am still neutral, `cause my last trade was squeezedOut. Also i don`t have a good feeling, although i am liking what i am see! How ever, if this week we`re trading above 119.25 maybe i`ll go long over next week :) Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
NASDAQ:META
by Devise2Day