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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.
NASDAQ:METALong
by FBSAnalytics
3
Facebook .. ?NASDAQ:FB In a summary Recently, due to US inflation affecting most US stocks, as well as Wall Street Journal allegations against Facebook over Facebook's awareness of Instagram harming teens and Facebook's failure to take action to control the issue. The WSJ says the company prefers profit, Facebook shares fell 4% from Monday to Wednesday. With all these interpretations and other things, Facebook is not in a good position fundamentally, but let's take a look at the $ 1 trillion price chart of this company and see how the company's stock is technically doing. ----------------------------------------------------------------------- 1. A very nice uptrend channel is recently broken 2. A nice short-term support zone is broken (150$) 3. Also the price has broke the EMA towards down BUT 4. The price is still moving in a long-term uptrend (with 2 touches) 5. RSI is inside the oversold range (29) and this number has acted for a great bullish move on March 16th , 2020 , so we can be hopeful to this indicator for a bullish move --------------------------------------------------------------------- Now let's take a look at Support levels : S1 : 333 S2 : 302 S3 : 245 ------------------------------------------------- I think for now it's good to put it in our weekly watchlist and check how the price will act in next week also we need to check the news about the company according to problems with WSJ ect ... ----------- my personal opinion is that Facebook is a great and valuable company and I don't think the price will stay down for long time --- Guys if you decided to trade on this stock , consider the risk and have a good risk management and don't forget about SL *this is just a personal analysis and this person has no responsibility of your trade and risk* Wish you all luck guys !
NASDAQ:META
by mahdirhimi
Indecision in the marketWhat Are Inside Days? Inside days refer to a candlestick pattern that forms after security has experienced daily price ranges within the previous day's high-low range. That is, the price of the security has traded "inside" the upper and lower bounds of the previous trading session. It may also be known as "inside bars." Inside days may indicate consolidation or lower price volatility. Inside days can be indicative of indecision in the market for security, showing little price movement relative to the previous trading days. Trading with technical tools like candlesticks is a highly specialized practice and therefore, must be done carefully. Spotting inside days is of interest to a trader because he may believe that the subject security is setting up for some sort of move up or down. As you see in the chart after Flash crashes in Bitcoin it is quite common to have inside bars! I believe in consolidation patterns (sideways) I would be better not to trade! because in this situation market becomes efficient and predicting prices movements become harder! You can see the example in the Crypto market as well: Reference Article: www.investopedia.com
NASDAQ:AMZN
by Moshkelgosha
2