Facebook (FB)
The Facebook Effect MANAUSDMaybe I am correlating two unrelated things, but
Facebooks recent announcement about pursuing the metaverse future gives a project like Decentraland a lot of exposure
Regardless,
The TA on this timeframe (1Hr) shows an inverted ascending scallop, these breakout to the upside after reaching a certain point of stability
Facebook(Meta) history and bull caseI see the metaverse being a distraction for Facebook to try and leverage some of the negative media attention away from them for now. stock could have more downside all depends on how to respects the current downward channel.
i ultimately see Facebook and metaverse becoming massive!! in 5 years time meta will start to become the next fad and craze that everyone is talking about! they're investing and building it as we speak and i see so many applications where this can be used, gaming, entertainment, educational to name a few. This is the next step in the internet and Facebook will be a huge leader. they have all the right ingredients.
its down 30% from highs and in my opinion looking back historically its a good buy!
Facebook ($MVRS Dec 1st)Have you ever seen Black Mirror?.....Well go watch that Live Zuckerberg dropped today. Imagin playing GTA San Andreas whi......nvm just check it out. On the weekly timeframe, we are oversold and on the bottom part of the histogram. The previous high was broken with a retracement of 61% that looks like it may be completed for the time being. It seems like price is fighting the 20 day ema on the 4 hour and the 200 ema on the daily. I would like to see price retrace the previous high up to 38% minimum. Facebook has been "FACING" a ton of scrutiny.....they switched they name and finessed the game. I respect it......not advice.
TOP WAVE STRUCTURE FACEBOOK NEW HIGHS Facebook has taken on a the form of a long term diagonal within a parallel channel . which targeted two zones to bottom one was 320 and alt was 307.8 we bottomed at 308.1 within 1/2 a point . from here a min rally targets 351 plus of minus 1.5 We should see this happen rather fast odds are 7.8 to 9.1 TD and we also have broke below the weekly BB bands by 1.38 WEEKS WITH A DROP OF 19.87% THERE HAVE BEEN 11 CORRECTIONS SINCE THE IPO ALL RALLIED SHARP AND FAST .BEST OF TRADES WAVETIMER . I WILL BE OFF ONLINE TILL NOV 10 I WILL BE IN RECOVERY FROM A SURGERY ROTOR CUFF SO ,I am long calls and will sell them at 351 plus or minus 1.5 gtc
Swing trade on ABMLIm following the price,the price is falling while the volume rises, it could indicate a volume divergence that brings a strong break of the descending wedge that is being formed, wait for the wedge to break, stop loss below the last low, good upward movement
Facebook loosing supports one after another!Facebook has lost more than 17% of its value in the past 40 days, yet it could go lower!
A bigger problem is this is happening at a higher than average volume!
The best strategy could be waiting for a clear reversal pattern instead of speculating the bottom of this correction!
Best,
Moshkelgosha
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Facebook's Share Price Ready to Resume Climbing Higher The share price of Facebook has just completed a sizable correction, which now appears over. The dropdown rebounded from the 200-day MA (in orange). Given the better than expected earnings data for Q3 (which was posted yesterday), the uptrend would now likely be resumed.
A breakout above the upper limit of the Descending Wedge pattern would signal the beginning of the new uptrend.
The first potential barrier can be found at the 350.00 resistance. The latter is underpinned by the 100-day MA (in blue). The previous swing peak at 380.00 represents the secondary target.
Long FBP.E 333.26
S.L 302.55
T.P 395.57
In this analyse we can see how the movement of the FB stock is inside a channel, and now we are in a lower spot. Adding to this, the fundamental Analysis suggest us that FB is waiting for the quarterly earnings, that are in a good forecast today.
For the technical analysis part we can see that we have a big volume in the pre-market inside. The two indicator with their convergence show that a change of trend is possible. However we aren't now to enter in the market but the volume that will be generate at the starts of the session of today can delete our position.
BE CAREFULL
no financial advise
Post 10/25 Q3 FY21' Earnings Analysis $FB, $KMB, $BRO, $LOGI, $LII
$FB - Facebook - reported earnings of $3.22/share beating estimates of $3.19/share - revenue of $29.01B vs. $29.57B estimates up 35% (YoY), net income rose to $9.2B up 17% YoY
Reported daily active users of 1.93B
Company said it’s adding $50B to its stock buyback program - helping lift the shares ~2% in extended trading
Expects Q4 revenue of $31.5 billion to $34 billion
$KMB - Kimberly-Clark - reported earnings of $1.62/share missing estimates of $1.66/share - sales came in at $5,01B a 7% increase YoY - bottom line declined from $1.72/share YoY
Profit reported of $745M down from $806M (7.6%) YoY thanks to a rise in costs of $480M. Increase in pulp & polymer-based materials, distribution, as well as energy costs led to a rise in input costs
These were somewhat offset by organic sales growth, reduced marketing, research and general expense as well as cost savings of $115M & $35M from the FORCE (Focused On Reducing Costs Everywhere) program & the 2018 Global Restructuring Program
Quarterly earnings were hurt by escalated inflation &supply chain disruptions leading to higher-than-anticipated increase in costs
$BRO - Brown & Brown - quarterly earnings of $0.58/share beating estimates of $0.52/share an 11.54% earnings surprise - revenues of $770.3M vs $674M a 14.3% increase YoY
Over the last four quarters - company has surpassed consensus EPS and Revenue estimates four times!
Shares have added ~40.2% since the beginning of the year versus the S&P 500's gain of 21%
$LOGI - Logitech - reported earnings of $2.45/share beating estimates by a whopping 126.9% - bottom improved $0.84/share YoY - net sales of $1.67B surged 85% YoY - gross profit jumped more 2x to $754.2M an increase of 122.1% YoY
Logitech’s Gaming segment sales soared 78% YoY $436.4M -Video Collaboration sales skyrocketed 218% YoY to $292.5M - Audio & Wearables segment sales jumped 87% YoY to $153M
$LII - Lennox International - reported quarterly earnings of $3.40/share - missing estimates of $3.64/share an earnings surprise of (6.59%) - revenues of $1.06B missing estimates by 6.11%
Over the last four quarters the company has surpassed consensus EPS estimates three times
The company has topped consensus revenue estimates three times over the last four quarters
Lennox shares have added about 14% since the beginning of the year versus the S&P 500's gain of 21%
FB Announces $50BN Buyback.Facebook Swings Wildly After Revenue Miss, Poor Guidance But Announces $50BN Buyback.
A quick look at market expectations: Facebook is is expected to report Q3 EPS of $3.19 on revenue of $29.45 billion, which would amount to growth of 37%, a drop from the 56% Y/Y growth in Q2, which however lapped a quarter heavily impacted by Covid lockdowns.
Analysts also are not expecting much user growth sequentially. Estimates for Facebook’s daily and monthly active user totals for its “family” of apps are the same as they were the previous quarter.
Realizing that earnings may be frowned upon, Facebook also bought back more than $14 billion worth of shares in the third quarter and has approved $50 billion more in buybacks, as well.
Facebook, Weekly chart, Fibo Levels.
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FB - INTC V.2 FB options degenerates are back, surprise.
Put Volumes dominating the Volume although O/I is split.
297.50 @ 1,357
300.00 @ 5,886
305.00 @ 1,854
310.00 @ 2,873
312.50 @ 556
315.00 @ 1,273
317.50 @ 819
320.00 @ 3,540
322.50 @ 1,210
325.00 @ 1,672
Semiconductors, Comm, Telco, Software - are being used to push to the NA
to Price Objectives @ 15513 - 15517 as the VXN broke its Lows and is making
New Lows for the Day.
Range break leads to higher Price Objectives.
We are SOH until FB reports.
FXCM FAANG Basket Moves Into Bullish Stack On the DailyThe above chart show's the daily time frame of FXCM's FAANG Basket. We are using a triple EMA system to assess trend. The short-term green EMA > intermediate orange EMA and the intermediate orange EMA> the slow red EMA (blue rectangle). We note that NFLX reported last week and that the rest of the FAANGs (FB, AAPL, AMZN, GOOG) will report this week. Following their respective releases we will assess the basket's EMAs and their angle and separation. If these develop, it will be regarded as bullish, suggesting that a possible bullish momentum push may be underway.
FB LONG Position: LONG
Entry Price: $324.61
Target Price: $395.00
Stop Loss: $320.00
MACD line has connected with the Signal Line. This means that there is some positivity in the market pertaining to whether to buy or sell FB.
RSI shows that FB is not overbought or oversold and hence indicates a stable for the stock. Hence, it is expected that this direction of the trend is maintained.
ADX is currently at approximately 32 (a number this high means that a strong trend is being maintained and is expected to continue)
Conclusion: A long position is recommended as the general trend seems to be bullish over the past few years and it is expected that the stock follows the same channel in the long run.
no financial advice
NQ - 15M Minute Range GLOBEX / RTH Facebook reports tomorrow after the Close, Options tomorrow to 300 should
be observed closely.
FB forceful effort to reclaim prior Highs essentially Failed on Friday.
Grant it, there was a heavy Calls prem to remove from the Gamma Squeeze
Herd in a number of Equities - GOOG, AMZN, and a great many others.
Friday cleared the option writers Risk by running the table on both Puts and
Calls.
On balance, Writers will be looking for further Revenge Trades this week.
It is important, as the DOM or Depth of the Market (also referred to as
"Points of Control" by the latest generation of Gurus selling Newsletters,
Strategies, Trades, and free riches) are influenced by Gamma.
The NQ performed this feat in SUM quite well.
The ES did a far better job of holding its own, Sellers were not frankly present
to a large degree, 4505 held firm with a 10 handle FR.
This week is an entirely different creature with immense VX being anticipated
ahead of the most important FANGS providing their brand of color commentary.
For the NQ the DOM is chopped at several levels, the ES is far more concentrated
above 4515 to 4524.
The past week has seen relative weakness in the FANGMANs...
Whether there is more negative Price action to come for them or the INTC action
will depend on one element...
Which Trades First on the MIcro Timeframes.
Facebook Analysis 23.10.2021Hello Traders,
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