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Buy Signal: 275.81 #stocksIngenuity Trading Model used in- Stock, Forex, Futures, and Crypto markets. For Stops and overall trade management join the club. The model is a Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions. Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
NASDAQ:METALong
by IngenuityTrading
Losing friends #stocksFacebook is being cut from the portfolio today after breaking below range lows. The stock has been an underperformer since I bought it in the November and I am not going to wait around for it to get its act together. If we can get back over 275 and the downward trendline I will reconsider but for now the stock is a no touch. The twitter news is bad for twitter based on the price action today but I think it is equally bad for Facebook. Both are going to have to try to balance free speech with disinformation and I am not sure if either have the answers.
NASDAQ:META
by IngenuityTrading
6
FB great value with a hiccup!The recent FTC lawsuit is also more than just a potential hiccup. If the FTC gets its way, Facebook would be forced to divest itself of Instagram (purchased in 2012 for $1 billion) and WhatsApp (purchased in 2014 for $19 billion). Even though both acquisitions are tiny compared to the more than $770 billion juggernaut Facebook is today, the FTC claims Facebook got where it is by illegally squashing competitors via takeovers like these. Facebook rightfully argues the FTC itself and the Department of Justice signed off on the acquisitions, but that doesn't mean reversing an old decision is out of the question. There's historical precedence here. The arguments calling out social media's negative influence on society are ones I can't totally get on board with unless those making these arguments include other media companies. Social media does amplify individual voices, including those that may be less than honest and out to harm others. But an advertising-based business that relies on consumer eyeballs staying glued to a screen isn't new. Traditional media (TV, and radio and newspapers before it) have always had similar issues. Demonizing Facebook without calling out its predecessors in media and their negative impact on society doesn't jibe. Nevertheless, the pressure mounting on Facebook is real, and the company could look very different in a few years. However, Facebook isn't powerless in forging a path forward. About those 56 billion reasons to buy... As mentioned earlier, Facebook has had to shell out tens of billions in recent years to make its social networks more user friendly. However, even in tough times, Facebook is highly profitable. It generated net income of $17.9 billion through the first three quarters of 2020 on revenue of $57.9 billion. And because of years of dominance in social media, Facebook boasted nearly $56 billion in cash and short-term equivalents, $6.2 billion in equity investments, and zero debt on its books at the end of September 2020. These advantages make this one of the wealthiest organizations on the planet equipped with an enviable war chest from which to seed new growth. Its Oculus virtual reality business and growing aspirations in financial technology and digital payments are just two examples with massive potential. But what about antitrust risk? In a worst case scenario, Facebook could be forced to sell Instagram and/or WhatsApp. But Facebook is still a dominant force in technology with billions of users globally. And let's not forget that a sale of either subsidiary would potentially equip Facebook with even more cash since both would now be massive social platforms in their own right with hundreds of millions of users. Then there's the infrastructure behind the scenes that operates Facebook's various social media services. If the lawsuit is successful, what assets (a data center, for example) belong to Facebook and which (if any) get spun off as part of IG or WhatsApp? These are big questions demanding complex answers. But the point is, Facebook would be far from toothless if stripped of Instagram and WhatsApp, and could quickly alter the way it monetizes its massive global operation. Possessing billions of users and sprawling digital assets to support all of those users afford a great many options. Risks abound and storm clouds keep stubbornly gathering around Facebook, but I remain a buyer for the long haul. I expect this leader in global communications will be around for a very long time.
NASDAQ:META
by ShukriMahadi
4
Is Facebook losing friends?Facebook has been a holding in the portfolio since late November but has been a slow moving loser. The low end of the weekly range (rectangle low 264) was tested today but price responded well. I have been looking for all-time highs but its recent performance has given me doubts. For now we just sit and wait. The company is definitely not getting the love it once did but that can change at anytime. Todays low will be the line in the sand. Below todays low we will cut the position and re-evaluate
NASDAQ:META
by IngenuityTrading
1
Facebook out of steam: Daytrade: Short FB target: $271.88If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together. Hi fellows, just one of my today daytrades: Nice entry point in supply zone. ------------------------Trade setup --------------------------- Entry: 276.90 Stop Loss: 278.92 Profit target: 271.88 Time stop: Exit at market close ------------------------------------------------------------------ Here is 4H chart for bigger picture:
NASDAQ:METAShort
by Tomasgei
3
FB 267 bearish until 250: broken daily support 267 & 200 MA 272FB advanced with vigor with a 5 EW move, until recently it started a corrective ABC move, of which we are in leg C that yet to complete. It has broken the daily 267 and 200 MA of 272. Likely test 250, as major support, and the previous gap-up line. Fundamentally, it is still a great business that yet to peak in earning power but we are in a market that money is chasing Newer and Shiny stories with rapid rotations. The large market is also likely entering a corrective move starting the new year when the delayed profit takers have sheltered their capital gain for 2020. And there is just so much easy profit from the lucky IPOs to absorb for the little guys playing with their real money.
NASDAQ:META
by Jonas99
3