Nasdaq Earnings RallyBased on nothing else but more speculation, the Nasdaq may rally. Let's see how this plays out for February since the Feds QE taps are closing this month. Will they reverse and pump more 0% funny money? I don't think they'll reverse until there is a major downtrend which will happen after this earnings rally. The two resistance levels are marked, although tomorrow 2/2 the Nasdaq should break through.
I still hold strong to a bear market based on countless economic issues from:
Inflation
Poor Retail
Pending Home Sales Decline
Tapering Ending in Feb
Balance Sheet Reduction
Raising Rates
0.1% Q1 GDP estimate by Atl Fed.
When the Fed pumps, logical news doesn't matter. Good news is good, and bad news is good. This alone tells you this a bubble, where equities no longer react because retail investors influence has become smaller and smaller in equities. Retail investors are but a drop in the bucket compared to $120 Billion in 0% QE money.
Facebook (FB)
BULLISH ON FB FOLLOWING THE HUGE DEEPThanks for visiting my trading view idea. I WILL APPRECIATE YOUR LIKES AND CONTRIBUTIONS through comments.
META PLATFORMS (FB) saw a massive deep following her 4th quarter earnings report on 02/02022. This led to the loss of over 22% of FB market cap.
This asset has been trading within a descending channel since early September of 2021. Hence, it has been bearish.
The last peak within the said descending channel was to FIB 23.6 level. There was a massive rally down from this peak down to FIB 61.8 level breaking through both FIB 38.6 & FIB 50 to FIB 61.6 which is currently acting as a support level. This level happens to be sitting on the ascending trendline. Hence, for me, this is a strong Support Level.
I am bullish on FB following this deep drop which has presented an opportunity for me to enter some buy positions.
My TP targets are (TP 1) $255 - $260 and (TP 2P) $285 - $290.
NOTE: there is the possibility of falling further to level $225 - $220. Hence watch out for your STOP LOSS.
FB: How (wisely) to BUY the DIP?Hello traders and investors! Let’s see how FB is doing today! Some may say it is never wise to try to buy the dip. Let's see if this argument makes sense.
After earnings, FB is in a very strong bear trend, and it seems there’s nothing to help it. However, if you want to buy the dip, there’s a right way and a wrong way of doing it. Always avoid buying something only because it “dropped too much”. We can’t possibly know where the bottom will be, but eventually, the charts will give us clues when the bear trend starts to get exhausted.
A bear trend is defined by lower highs/lows, and as long as we see this pattern, FB will not be a buy. To be honest, it is not a sell either; as it seems it is too late (the moment to sell was near $ 350).
What could change things? If it does a higher high followed by a higher low, it’ll do something new that will break the bias. What’s more, there are many bullish chart patterns that could appear in the next few days/weeks that could work as bullish reversal patterns (for example: Double Bottom, Cup&Handle, Inverted H&S, etc.).
It is not wrong to try to catch the dip, but if you have a strategy, and if you use the charts to do the proper risk management, everything will be alright.
Now, let’s look at the weekly chart:
Yes, FB lost its two last supports, and it seems it wants to hit the black line at $ 207, our next support. When you are waiting for an opportunity to catch the dip, it is perfect to see a good bullish reversal reaction near a strong support level.
If FB reacts near the black line, the risk/reward ratio would be good, and it makes sense to try to get advantage of some exhaustion. To sum up, look for a clear bullish reversal, preferably, near a support level. The risk reward ratio would be attractive, and you won't buy only because your "gut feeling" is telling you. In this circumstance, it is very wise to try to catch the dip.
Remember to follow me to keep in touch with my daily studies. Have a good day.
The Apocalypse of Facebook!Today, tesla breached below the January 2020 level..!
I remember many years ago Warren Buffet once said: "Facebook is a fantastic business, but I do not invest in Facebook because I don't know if it exists in 10-15 years".
It seems the old guy knows things that others don't, it just needs time to prove how right he is..!
Interestingly, all those clowns who said that have total faith in Zuckerburg before the earnings, now talking about Meta as a company with a poor long-term outlook!
A Social media company that losing 1 million users/Day will not exist in less than 8 years, although it has 2.9 billion users today..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
FB long for a bounce here!I believe support is at/ around $219 range, the selloff from $323 to $220 is overdone, second lowest RSI in FB history since IPO, negative stochastics/ macD. Company has a 16 PE and over $60 billion in CASH on hand. Good luck! I would expect a bounce to $240-260 if not higher longer term to fill the gaps.
Meta next level of support and its future metaverse prospectsCEO Mark Zuckerberg is so committed to shifting the company to the metaverse that he changed the company name to it. This in my opinion is a great play. Anytime anyone in the future mentions metaverse they will immediately link the company Meta to the conversation. Enabling Meta’s future as a metaverse centre. Meta’s Oculus and Horizon virtual reality subsidiaries will likely play a very large role in the metaverse. I suspect Facebooks ad strategy will also play a large role in pushing for advertising revenues streams in the metaverse. This will enable Meta to attract loads of companies who would like to advertise in the metaverse. Zuckerberg has already announced an initial investment of $10 billion into metaverse development. There will be many struggles for Meta in the future and this is a risky play by Zuckerberg. However, I do believe it will pay off significantly. Considering Meta’s stock has recently fallen by almost 30%. This is a very good opportunity to buy.
The two orange lines represent the all-time low and high. The blue line extended to the right is the bottom trendline for the descending triangle. That chart pattern has already broken out in a very successful manner, however the trendlines still can be used for future support and resistance.
I have split up the support regions for the stock into three levels. The first is the blue support line which has been broken. The second is the 200 moving average which has also been broken, however, the price may linger around here for a while so keep an eye out for that. The third last support level is the Fibonacci retracement 0.5 level. That lower level sits at around $200. It extends upwards to $245. The lower level of this 0.5 retracement does also provide past resistance and support so I would see it as a very key support level. However, I do not see the stock falling to that level. So, I see the stock remaining in a sideways movement between $200 -$245 for the next couple of weeks to months. After, I see the stock going above the $245 level by the end of the next year hopefully reaching the near of all-time high. However, watch out for any news on Meta and privacy laws. If there is another issue with Meta and privacy this could hinder its growth and so the bull movement could be restricted.
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.
FB - Meta Is Showing What Is About To Come In The Stock MarketIn case you've been living under the rock, on 3rd of Feb. at the market close FB has fallen instantaniously for 20% and is since then continued to drop. I am not gonna focus on the news even though they did play a role here. Something had to happen somewhere between those large market cap stock and it looks like FB is leading the crash.
Just so you know i don't believe the entire stock market is bearish yet, just some of the large market caps as this is where long term investors start to take profits first or rotate the money into still undervalued stocks like F (ford) or PTON for example, that haven't had their true bull run yet.
Trying to count elliott waves i think we are close to the bottom which should come somewhere in the upper middle of the 2017-2020 trading range ($180-210). After that a expect typical ABC retracement of some sort back to the 70% of the initial fall to $320 price area (.702 fib. retr. lvl.) before continuing the bearish journey.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
NASDAQ:FB
DWAC Truth Social app launching on Presidents Day, Feb. 21If you haven`t bough DWAC at my fist call, before it skyrocketed to $180:
Then you should know that Truth Social's app profile page App Store seemed to point to the service launching on Feb. 21: Presidents Day.
even though i don`t see a necessarily a correlation between the ride of DWAC and the fall of FB and TWTR, this was a mk cap comparison:
I think Donald Trump will keep the stock`s momentum before the launch. Trump made statements suggested that people are leaving other social media platforms in anticipation for Truth Social.
My price target for Presidents Day, Feb. 21 is the $113 resistance.
Looking forward to read your opinion about it.
FB is NOT A BUY- YET! What am I missing?I am seeing post after post here about buy Facebook, why? What am I missing? Oversold, yes, but not oversold enough!!! Support, where other than FIB 1.6 I see $210-220 possible support if not much lower. It should have sold off further Friday but AMZN's bogus numbers threw the market a lifeline, in addition to market makers manipulating price for options expiration. Take out the $11b of Rivin on AMZN numbers and the report was atrocious. This market reminds me of 2008, which I was actively shorting stocks through and I believe we have begin a bear market which is ripe with violent rallies and drops, what fools are chasing SNAP up 60% and buying trash like HOOD!?? Good luck everyone I will watch for a much steeper drop on FB before purchasing calls. The stock should have dropped Friday further and again Monday, it's not normal to fall $80 then .60 cents. It's a trap! If we are indeed in a bear market this is a bull trap here. I have bought many oversold stocks and this one is not oversold enough to offset the risk of catching a falling knife.
Entery Position.This is what is mostly expected to happen for IO. (it may also be much sharper as a result of a Short Squeeze, no share for short)
Not recommended for Long term BUT it's awesome for Mid term!
Facebook FB - How low can it go?Facebook's price has fallen off a cliff and attempting to buy a falling knife dropping this fast is dangerous.
In the past, FB has responded well to the 200 week moving average (white moving average) although it tends to fall below it 10-16%.
All time frames are certainly bearish, but if history is any indicator, FB may be nearing a bottom. Regardless, it's best to wait for a bottom pattern to form on the 4hr or daily time frame before attempting to go long.
In this analysis, I simply wanted to mark where a bottom could form which is anywhere from now to 10-16% below the 200 week moving average.
META PLATFORMS, INC (FB) AnalysisMETA is in a bearish momentum since its last top reached on August 2021, the price was heavily rejected by 40.31%.
History shows that META's most significant drops range between 14.48% - 44.01%, which fits the current situation where we reject the price by 40.31%.
Moreover, price just reached critical support and dropped back by price 2 years back BUT we have to keep in mind that there is a strong trendline followed by 9 years of price action and we can definitely see a continuation to the downside to test the trendline.
The general outlook of META is to the upside since the upcoming META platform and new updates are yet to come.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
"Facebook can't go lower"Last Thursday at lunch when I checked my phone I had 3 messages from people asking me if I was buying Facebook. Across my social media I saw much of the same chatter, "Facebook can't go lower."
Be careful saying things like that.
The reality is the price of Facebook NASDAQ:FB has broken key Weekly Supports and could likely continue down to find new ones. I would also highly recommend against trying to buy Calls (especially short dated) because the Implied Volatility remains elevated (over 97% IV Percentile) meaning options will likely slowly crush in value.
Broadly the market is up today across growth and tech... and Facebook is not. Trade wisely.
Facebook/META (FB) | Technical Loading Zone!Hi,
Meta Platforms slump has attracted quite a lot of interest. Is it a buy, when to buy, why to buy, do I have to buy at all? :)
"Why to buy?" - you have to do your homework! I can tell you when to start building your positions if you have decided to invest in Meta.
Technically speaking, $170 - $220 is quite a strong area. A lot of criteria match inside the mentioned zone and to me, it looks like quite a decent area to start building your position. Use partial entries because the drop is quite massive (historical - Facebook's owner Meta Platforms saw its stock market value slump by more than $230bn on Thursday, in a record daily loss for a US firm) and the overall market sentiment is pretty much interesting :)
Some criteria:
1. Trendline
2. Strong horizontal area
3. Fibo
4. Round number $200
5. 50% drop from ATH
6. Monthly EMA100
Do your own research and invest carefully!
Regards,
Vaido
The ONE price action trick you NEED to know!I want to show traders examples of a powerful phenomenon for trading price action. This quick price action happens on earnings, major news events, and other catalysts. It happens on stocks, cryptocurrency, futures, and anything that trades! This involves some candlestick analysis but is incredibly simple. Traders can use this to spot reversals and be contrarian to what the market may think right before they are wrong. This can also prevent you as a trader from taking big losses if you react quickly to this warning sign!
We look at 4 examples in this video:
-Amazon NASDAQ:AMZN earnings
-Facebook NASDAQ:FB earnings
-Bitcoin INDEX:BTCUSD
-S&P 500 Index Futures from FOMC meeting CME_MINI:ES1!
Everything that trades will have this happen. Once you see it you will not forget it!
$FB Bullish Harami Pattern, Potential Reversal to UPSIDE?Bullish Harami is a candlestick chart indicator suggesting that a bearish trend may be coming to an end.
Please note, I do understand this sounds counterintuitive since RSI is 24.64 at this time.
Please let me know your thoughts.
Thanks,
Kelly :)