WATCHING $FB @ 310 - Key Levels & AnalysisWATCHING $FB @ 310 - Key Levels & Analysis
Really I have my eyes on 300… but 310 is where my alerts are set to re-evaluate the situation
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Red = Resistance
Green = Support
Blue = trend lines
180 EMA = Purple
I am not your financial advisor. Anything can happen… I’m just posting what I see… but the risk is on you if you decide to trade the setup with me.
I certainly don’t win them all so be mindful of your position sizes and do your due diligence. I’m happy to answer questions to the best of my ability.
Facebook (FB)
$FB long from institutional standpoint#facebook #fb $FB is a strong buy right now. Oversold from a technical standpoint and several deviations down from the average price paid, at the bottom of an established channel, rsi and stochastic crossing up out of oversold, macd beneath the 0 line and will potentially close upside within a few days. Only bad news has come out recently meaning it is out of favor in the eyes of retail, which means banks and HF are accumulating more. Good place to get in super cheap from a relative price.
Facebook Analysis and market directionHello everyone, as we all know the market action discounts everything :)
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Facebook Stock took a big hit yesterday after the Technical problem that the company had that caused every website that the company owns to go down (Facebook-Instagram-WhatsApp) the stock dropped from 344.92 to 323.65 . That is a 6.1% drop in one day !!
The company has fixed the problem and Mark Zuckerberg Posted on Facebook saying "Facebook, Instagram, WhatsApp, and Messenger are coming back online now. Sorry for the disruption today -- I know how much you rely on our services to stay connected with the people you care about."
And Facebook posted saying "Our engineering teams have learned that configuration changes on the backbone routers that coordinate network traffic between our data centers caused issues that interrupted this communication,"
Technical Analysis with possible Scenarios for the market :
Scenario 1 :
The stock price right now is trading near the first resistance line located at 333.88 and today Candle was green showing that the stock is finding its ground after the drop.
The stock will probably go up and break the first resistance level and will be headed back to where it was a couple of days ago, The major stop for the stock will be the resistance level at 347.12 where the Bulls will have to prove how much power they have for any hope for a Bullish trend.
Scenario 2 :
The Bears were already building up for a move like this as we can see on the chart for the last one month a Short-Bearish trend has started where the stock price started dropping from the 382.95 range and reaching 338.57 at the end of September. The big battle between the Bulls and the Bears will probably happen at the support level located at 320.64 where the direction of the market will be determined by who wins that battle.
Technical Indicators show :
1) The market is below 5 10 20 50 and 100 MA and EMA but still above the 200 MA, EMA which indicates a Bearish movement for the near future but Bullish for the long run.
2) The MACD is below the 0 line indicating that the market is in a Bearish state, With a negative crossover between the MACD line and the Signal line.
3) The STOCH has reached the oversold zone and looks like it's getting ready to go back up again.
Daily Support & Resistance points :
support Resistance
1) 320.64 1) 333.88
2) 315.05 2) 341.53
3) 307.40 3) 347.12
Weekly Support & Resistance points :
support Resistance
1) 335.73 1) 352.73
2) 328.44 2) 362.44
3) 318.73 3) 369.73
Fundamental point of view :
Facebook took another pounding in the U.S. Congress on Tuesday and a senator called on federal regulators to investigate accusations by a whistleblower that the company pushed for higher profits while being cavalier about user safety.
In an opening statement to a Senate Commerce subcommittee, chair Senator Richard Blumenthal, a Democrat, said that Facebook knew that its products were addictive, like cigarettes. "Tech now faces that big tobacco jaw-dropping moment of truth," he said.
He called for Facebook CEO Mark Zuckerberg to testify before the committee, and for the Securities and Exchange Commission and Federal Trade Commission to investigate the social media company. According to Reuters
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Blackout TackledFacebook and their own services experienced a short blackout yesterday. The services should be up again as the price approaches 200 EMA which is at a level of one of the previous SWING LOWS.
This company is probably going to continue falling, but now is the perfect opportunity for a short-term bounce.
FB: Could this be the bottom? Let's see.Hello traders and investors! Let’s see how FB is doing today!
First, we see that FB is clearly in a bear trend. There’s nothing that could help FB now, unless we see a clear bullish reaction. As someone who is out of FB, I’m more tempted to buy than to sell, as the risk/reward ratio favors the bulls.
If we fill the last gap, it’ll confirm an Exhaustion Gap, and what’s more, the $ 323.18 is an interesting support, and a good place for a reaction, as we can see on the daily chart:
There’s a good chance that this could be an Exhaustion Bar, a large bar that appears after a bearish leg, hitting a previous support level, with good volume. Along with the possible Exhaustion Gap in the 1h chart, we can assume that any confirmation of a reversal down here would be an incredible sign to buy.
However, we always must wait for confirmation, ok. If I were shorting FB since the $ 385, I would probably book profits now.
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Have a good week!
FB isn´t done falling FB had a bad day today. But this is not the beginning of its fall, it has been falling for about 15 days. Therefore, it may keep falling down to the 300 USD.
Facebook, a probable count we might/could have room down !!!Guidelines
• Zigzag is a corrective 3 waves structure labelled as ABC
• Subdivision of wave A and C is 5 waves, either impulse or diagonal
• Wave B can be any corrective structure
• Zigzag is a 5-3-5 structure
Fibonacci Ratio Relationship
• Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A
• Wave C = 61.8%, 100%, or 123.6% of wave A
• If wave C = 161.8% of wave A, wave C can be a wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not
I think it's the time to buy FBBased on my analysis I think that the downtrend is getting weaker and could be broken after this triangle pattern. I see a lot of indecision in the market. Stochastic is low and MACD is ready for a crossover soo it seems a good time to buy for me.
What do you think, let me know in the comments.
Facebook (FB) UpdatesFacebook (FB) Updates
Important pull-back of Facebook in September, which lost 11% from the highs reached on 10th.
The return to the 200 moving average, a key level for institutional investors, last touched in March of this year (obviously speaking of timeframe Daily) is happening.
Facebook, like Apple, is very closely linked to the Nasdaq and if we analyze the QQQ trend, we can clearly see the almost identical correlation of the last period.
Therefore physiological pull-back and linked to a generalized discharge of the Nasdaq.
If the price were to reverse before the average, we would have a new uptrend line to take into account.
On Facebook, whoever follows me knows, I have a long-term strategy, and every now and then I bring home the profits and then reinvest precisely in the moments of correction.
So, in my view, the interesting levels to enter or accumulate are:
- 334.70
- 315.70 (the level where I set my accumulation)
- 300 (very important level, tested several times as resistance and support, as well as psychological).
Always bearing in mind that the simple moving average 200 remains a moving level, as important as the volumes.
My position is attached, as always.
Happy trading
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
FB POSSIBLE ACCUMULATION DISTRIBUTION, PRICE STUNNED SIDEWAYS!Hello my beauties.
It seems like FB has just entered a range. It gave us a PSY (the price hesitated strongly in preparation for a new phase) and it is probably going to fall down to support before giving us further information. It is hard to establish what will happen next as it is too early to make out whether we are in a bullish scenario or bearish, but I thought it could be a nice opportunity for those of you who like trading ranges.
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Luca, TrickleDownFX
Warning Signs in Google Price Pattern1- Closing below 50 EMA for 2 consecutive days after 1 year ..!
2- Lower-High Lower -Low pattern: with higher Volume price in down Swings in comparison to positive days and crossing below an important support level.
3- closing below the Uptrend regression channel after 1 Year:
4- This will become more important when you know Google is the champion between Trillion dollar companies in the market..!
5- A breakaway gap occurs when the price gaps above a support or resistance area, like those established during a trading range. When the price breaks out of a well-established trading range via a gap, that is a breakaway gap. A breakaway gap could also occur out of another type of chart pattern, such as a triangle, wedge, cup and handle rounded bottom or top, or head and shoulders pattern.
A breakaway gap occurs when the price gaps are above resistance or gaps below support.
Support or resistance, in this case, is often associated with a chart pattern, such as a trading range, triangle, wedge, or other patterns.
Breakaway gaps often occur early in a trend and show conviction in the new trend direction.
Other gap types include runaway, exhaustion, and common gaps.
Reference Article:
www.investopedia.com
www.investopedia.com
FB a consolidation phaseHello, Facebook is bullish in daily, weekly frame.
but in daily, FB is in consolidation phase, with a signals of trend weakness :
Support 365 is breaken on closing yesterday
cross between tenken and kijun.
the resumption of the trend will be after the break of the kijun (367)
for who is in I think is better to sell.
The buyers must wait the resumption of the trend
Facebook, 29 SEP - Elliott waves | Gann | Astrology $FBFacebook appears to unfold in 5 waves to the downside (green count). Gann level 338 provided support during yesterdays selloff.
Further upside would indicate that wave (a) is potentially complete and we may prepare ideas to participate in wave (b). Higher entries keep us safe if our assumption is wrong, and they give FB time to further consolidate and improve our probabilities.
Should wave (b) unfold, we might target the 50-60% retracement of the previous wave at 366 Gann level (blue box), where the 20 Day MA is located as well.
If price declines further, wave v of (a) is not complete yet and we may look at the next Gann level 329 for potential support.
Mars continues to form a trine with natal North Node which can be interpreted as problematic, however Mars sextile to natal South Node on 1 OCT at 0.0 orbit adds a bullish element.
Correlations: DXY continues its exceptional strength as yield spiked, but Gold and Bitcoin has started to rise again, which could be an early indicator that USD may begin to slow. EURUSD is at support level as well. A declining USD would help the yield-sensitive tech sector to retrace the last selloff.
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In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
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These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
₿ BTCUSDT 1D ₿ : 28.Sep.2021 (Update)Update : Well, as we can see, the price still maintains its X Point support and is in a strong support range ... Currently, the market is in the sideways range and does not follow a specific trend ... we have to wait for the failure of one of the two Levels of support or resistance to create a trend.
COINBASE:BTCUSD BINANCE:BTCUSDT
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 28.Sep.2021
⚠️(DYOR)
FACEBOOK : 28.Sep.2021 Well, as we can see, the price has already reacted positively to its static support, it remains to be seen whether it can break this support or not ... In case of failure, the next downtrend support is in the range of $ 330 . NASDAQ:FB
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 28.Sep.2021
⚠️(DYOR)
Facebook: Rally is expected after a tiny correction 1st buy zone: $330
2nd buy zone: $300
Target: $470
Facebook is moving in the rising channel. It broke through the median line and heads toward the bottom one as the price corrects after it got rejected from the 1 Fibonacci Extention level ($384).
At the moment it is in the 4th wave of Elliot Wave Theory, which will be finished at either $330 or $300 level.
The target for wave 5 is $470.
As yesterday the price met 0.786 Fibonacci level and today (28.09) the as S&P500 feels bad we await the price to get rejected from this level and move towards $330.