FB in top 10 largest data privacy settlements in U.S. historyCould the Meta Platforms sell-off be anticipated?? You have some answers here:
You were wondering wondering how Facebook used to read your mind when it comes to advertising?
Today Facebook agreed to pay $90 million to settle a data privacy lawsuit over its ability to track users’ internet use even after they had logged off using cookies.
The lawsuit was filed in 2012.
and who knows how many others will come?
There is a strong support at $200, but i think the real buy area below it.
Looking forward to read your opinion about it.
Facebooksell
Facebook and Instagram shut down in EuropeIf you haven`t shorted FB at my first call, at $337, when Ark Invest started to sell it:
or when i warned you about a potential competition threat, at $340:
Then you need to know that Meta might have to shut down Facebook and Instagram in Europe, because it could soon find itself unable to transfer data between the US and Europe and so opt to no longer operate in Europe.
The issue are the new regulations on how data can be transferred or processed between different countries and regions.
I`m looking at a speculative buy under $200 level.
Looking forward to read your opinion about it.
FACEBOOK REVERSAL TRIANGE IDENTIFIEDFACEBOOK INC. has had a good run during the lockdown and is now showing signs of a reversal on the Daily Charts along with the Asian Markets in a selling frenzy regarding the top listed tech companies.
The Triangle identified on the daily chart should see price ranging, before pushing lower sending the recent uptrend into a downtrend .
#facebookinc #facebookstock #stocksandshares
Losing friends #stocksFacebook is being cut from the portfolio today after breaking below range lows. The stock has been an underperformer since I bought it in the November and I am not going to wait around for it to get its act together. If we can get back over 275 and the downward trendline I will reconsider but for now the stock is a no touch. The twitter news is bad for twitter based on the price action today but I think it is equally bad for Facebook. Both are going to have to try to balance free speech with disinformation and I am not sure if either have the answers.
💰 Will Resistance Hold For Facebook? (FB)💰 LET'S GET INTO SOME FACEBOOK ANALYSIS!💰
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(Overall Market Sentiment) 🤷♂️ Neutral
- 3day Chart
- Green Engulfing Candle
- 3/3 EMA DOTS Green
Facebook is sitting on a key level of Resistance but has not shifted on any indicators yet for the 3 day. Let it play out the rest of the week and see how it closes.
Best of luck to you and all of your trades this week! 🤜
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🥇MLT | MAJOR LEAGUE TRADER
Facebook Searching For New Support! (FB)I had a request from a follower earlier today to review facebook stock, let's have a look 😁
We are traveling in a clear controlled parallel channel to the upside from the recovery of the massive selloff.
12hr and up are all firing green and now breaching the past the 232$ old Resistance and trying to turn it into new support. (Horizontal support)
We are also turning for a push off the upward channel support.
I like that it did push for the highs.
All indicators are from the ema dots and the Crossover strategy are shooting green!
Your next breakout level will be 237.51, a push up we will travel to the top of the channel.
When the candle compresses and fires red with the ema dots indicator that's where we will look for a sell at the top of the channels Resistance or a break out of the parallel upward channel through the bottom of support.
For now it looks good to continue to sit on.
We will see how strong the old Resistance becomes for a potential new support.
If channel were to break and drop below 223.14 we would then look for a short on a distribution play.
Best of luck to you, have a blessed day!
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🥇MLT | PRO TRADERS
Elliott Wave View: Facebook can See Larger CorrectionShort term Elliott Wave view on Facebook (ticker: FB) suggests the rally to 193. ended wave ((X)). The stock has resumed lower within wave ((Y)) which is unfolding as a zigzag Elliott Wave structure. Down from 193.1, wave (A) of the zigzag ended at 173.09. Internal subdivision of wave (A) unfolded as 5 waves where wave 1 ended at 188.12, and wave 2 bounce ended at 190.41. Stock resumed lower in wave 3 towards 175.66, wave 4 bounce ended at 179.84, and wave 5 of (A) ended at 173.09.
Wave (B) bounce is currently in progress to correct the cycle from Sept 20 high in 3, 7, or 11 swing before the decline resumes again. Internal of wave (B) is unfolding as zigzag of lesser degree where wave A of (B) ended at 181.18. Expect a pullback in wave B, then another leg higher in wave C to end wave (B). Afterwards, as far as pivot at 193.1 high stays intact, Facebook should extend lower. Potential target to the downside can be as low as 100% Fibonacci extension from July 25, 2019 high towards $143.4 – 152.9.
Facebook Short +8% Max Profit PotentialReading some of our Spectro M and considering some of bad press FB is getting due to shady partnerships with government entities for content censorship and monitoring I'd bet on a bearish short-term call.
The Volume Analyzer, the color under the candles just went red, it's on precision mode so it's pretty fast and reactive.
We just had a Spectro M Warning,
Targets for profit and risk-management are all provided by all our Smart Adaptative Fibo Algo.
I've been testing Fisher for some entries and we just had a cross so - I'm in!
FB: Lets See If I'm Wrong Hi All,
It's all in the chart
I'm very bearish on FB but I could be completely wrong depending on future changes,
This is me being completely objective
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
Easy FaceBook Trade +30% in 90 days w/ Spectro™ MThis is a textbook trade using Spectro™ M
The green triangles mean that Spectro's Reversal Confirmation is triggered, so after that we just waited for the next conservative Spectro™ M alert and bough in, still no sell alert but we have the red triangles warning for a big correction or reversal so we just closed this position.
So if you're thinking about shorting it, I'd get ready for a possible good entry point.
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