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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
💰 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 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
FACEBOOK, it's increasingHello everybody, What about the Facebook stock price? IT APPEARS WE SHOULD INVEST ON IT MORE . It seems that it’s taking an increasing trend for medium-term times. In fact, the support is pushing it up, even if in the same points time (Circled point), it tries to change its trend but gets increased more. In the future, for medium-term times (A week or 2 weeks for example), we expect that it continues the increasement. He will exceed the level specified by Max point A.
NASDAQ:METALong
by oualidskh
FACEBOOK Stock Drop Below 200| Why People Selling? 24thFeb2020The Facebook stock will drop below 200.00 key level due to that future earnings fall short of expectations due to rising cost. Mostly the income higher report earning comes from the mainland China which China is among the major contribution to the share price. While the pandemic is still happening in the background. The reported cases has shown less number than actual which coming from the news report. Rumors tell the death tolls rise 10x more than the report actual told. Have you ever heard 'Buy The Rumors, Sell The News?' This is the phenomenon which stock trader cant denied and most of them still believe that it is true. Buying something you know to be strong, sell something you know which is not to be true. based on the belief that stock prices move in anticipation of rumors and rebound when profit taking occurs after the actual news is released. It's a risky tactic of stock trading based on just rumors or moving events. WHY PEOPLE SELLING FACEBOOK STOCK AT THE MOMENTS? 1. Any event that took place in the background which coming to causes, the effect is selling. This is example like war, riot, protest, pandemic or insider. 2. Why do you want to buy while other is selling? Right now people not confident to buy the facebook stock rather than seeking the safe heaven to counter the coronavirus pandemic. Where do the trader put their money right now? Gold and silver. 3. Facebook earning revenue major mostly comes from the advertisement/games/apps. Do you know who is the major contribution comes from their revenue? China market. 4. What makes you interest to purchase the facebook stock? You ask yourself this question. Maybe you like because it is facebook name. Some investor love the apps and they invest in it. What makes you yourself interest to purchase facebook stock? Perhaps because the company is strong enough in earning and stable? For sure, nothing is stable in this world and company shareholder would love to see some of their activities or new project which can create future revenue. For now, it just halt and investor seems not interested for now and move to other instrument. 5. Facebook stock can easily impacted by other factor on the sentiments. If I were investor, I will only put money if I confident enough this stock will rise in the future. Else, selling the stock. It is the confident and demand create the buying pressure. 6. Less demand but fear rather than greed which investor selling the facebook stock Take a closer look at chart that I have illustrated above. If you can see, the selling pressure coming from the robust selling pressure on the second highest high. The second highest high seemingly not confident enough to break the previous (number 1) high. But the pressure making a gap. This is is happen while the uptrend. Meaning it is a reversal confirmed with the robust pressure made my the investor. Investor afraid and fear thus some of the withdraw their capital out from the stock, the others selling the stock for now. I have predicted on my previous post that this stock will going to be bearish. Right now, the price of facebook stock hold close @ 210 while I have been predicted long time ago since the price was @ 222. It is still uptrend in focus towards the stock but right now seemingly the price is going to meet the support @ 191.50 price before gaining the momentum and confident from investor to get the power of confident by purchasing the stock higher. By Zezu Zaza
NASDAQ:METAShort
by Zezu_Zaza
1
Is Facebook set a new record soon ? Hello, Traders! Monfex is at your service and today we overview Facebook. Many shares of large, technology companies are reaching new records either near their previous peaks. Facebook hit the whole world this year with its intentions to conquer the financial sector with the Libra . And met with disapproval and criticism from the regulatory side. Now under the pressure. What can this chart tell us about the next price movements ? In order to reach the previous peaks, FB must at least break through the local zone of resistance. Perhaps we will see a short-term rollback of the price to the line and the local support zone, after which the inverted H&S pattern will be visible. But, if the price will break through the local support zone, then we can expect a further decline towards the next miror zone. The local resistance zone ~ $193-191 The local support zone ~ $180 The resistance zone ~ $200-205 The support zone ~ $160 Market Cap 540.092B Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
NASDAQ:METALong
by Monfex
1
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.
NASDAQ:METAShort
by Elliottwave-Forecast
Facebook bearish Wolfe Wave,riskreward 1:2,exactly fibo rebounceHI BIG PLAYERS, in this view I present a bearish Wolfe Wave on facebook chart. The rebounce was exactly on the fibonacci line 1.272 and will support with a candle indication: morning star. I see it to late, this is why I actually can give an riskreturn of 1:2. Best regards NXT2017 ============== MY PERSON: I'm the second winner of the official German Forex Trading Conpetition in 2018. Look here to the ranks: deutsche-trading-meisterschaften.de I speak german, english and russian. My strength in trading are Wolfe Wave pattern.
NASDAQ:METAShort
by NXT2017
12