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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.
NASDAQ:META
by UnknownUnicorn2319099
Facebook retrace under 200emaI came up with this theory with Apple and back tested it with Facebook to see if it would come to an are of significance again like it did with Apple. If you take the average price drop between the last 2 major corrections, 2018/1029 and the beginning of coronavirus pandemic, you get about 90.64. If you subtract that from Facebook's top at about 250.1 you get 159.77. During the first correction, Facebook dropped to about 120, right under the 200ema. Then during the second correction, Facebook dropped to about 140, again right under the 200ema with about a $20 price difference from the first correction. A 160 correction would put us a $20 price difference between the last correction and also right under the 200ema
NASDAQ:METAShort
by Hunter710
TIME TO THINK AT LEAVING FACEBOOK - FB - 30MNFacebook Inc price has been ranging for a while. Now we can observe that has broken some important historical supports. Different support for different acceleration or slow trend of the market. The market has been bouncing several times in a uptrend currant to slowly find highs and trending horizontally. Last week, we have observed a break down of the support and the ranging square. Volumes were very nice as well. Are share holders feeling the redundancy of Facebook App? Time to think at leaving Facebook?
NASDAQ:METAShort
by Diallo_Charts_Ideas
💰 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
🤔 Facebook Resistance, Keep Eye On It... (FB)🐻 Could be an opportunity for bears to step up as we approach a key upward channel Resistance level. This is 4th time hit on channel Resistance and followed by a very strong extended rebound. I'd look for a long term play on the 3day to turn over. Look for a lower low breakout to print on daily. $240 is key Resistance price level. The daily seems to be attacking multiple times but getting rejected. Keep an eye on it. Great time to look for a solid play.
NASDAQ:META
by UnknownUnicorn2319099
2
Facebook Searching For New Support! (FB)I had a request from a follower earlier today to review facebook stock, let's have a look 😁 We are traveling in a clear controlled parallel channel to the upside from the recovery of the massive selloff. 12hr and up are all firing green and now breaching the past the 232$ 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! Want me to review a symbol? Message me directly and don't forget to smash that like button! 💯 🥇MLT | PRO TRADERS
NASDAQ:META
by UnknownUnicorn2319099
16