Facebook (FB)
FB follow through of ABCDE triangle 12/16Getting ready for move up and possibly breaking out through resistance
FB Bullish BAT CompletionFB completed a perfect BAT precise D point .886 AXA.
Now in take profit mode 1st target 38 fib.. last one for now..
Good luck trading.
FB- triangleShort term bearish hasnt abated. but medium / long term bullish remain bullish as the price within a triangle.
Facebook Potential Upside: Wedge AnalysisFacebook is inside this wedge for several months already, soon it will break out of it. Before the break, I see FB contesting the $287.50 area again.
What are your thoughts?
The big picture on FacebookToday, we will show you a full analysis of FACEBOOK
Let's start on the Daily chart:
a) We can see an ascending channel that was formed from the early IPO of Facebook
b) Currently, the price is above the channel, showing a clear strength of the bullish trend
c) Above the channel, we have a pennant pattern (This type of patterns are known as continuation structures)
d) IF we have a breakout above 300. We will take it as a confirmation of the bullish movement towards the next target (TP1) and a final target on (TP2)
e) IF the price goes in the expected direction. We think the whole movement can take between 100 and 150 days.
4HS chart: Here its a zoomed view of the current pennant pattern
FB Daily FB daily still holding the 270 support that is crucial, and it also created a falling wedge pattern above 270.
all eyes on the 270 if we break it then 260/240 next otherwise if the falling wedge pattern holds true 300-320 next
AMZN / SPY (2019)AMZN LAGGING BEHIND SPY REMINDS ME OF LAST YEAR.
Any positive news for AMZN can be the catalyst to send it higher.
Big Tech still underperform frm Sep (AAPL, AMZN, MSFT, FB, NFLX)Big Tech still underperforming from Sep (Apple AAPL, Amazon AMZN, Microsoft MSFT, Facebook FB, Netflix NFLX) - with the exception of Google GOOG.
TSLA / AMZNAMZN LOOKS LIKE TSLA BACK IN NOV.
I WOULD GO LONG OVER 3200, OR YOU CAN WAIT FOR THE 3250 BREAK FOR A BIGGER BREAKOUT.
I WOULD GO SHORT UNDER 3075.
FB Finding Support - Followed by Possible BreakoutThis is just speculation.
Trading near support within pennant.
RSI hidden divergence.
AMZN consolidating; loooking for retest $3500 before march.AMZN has been trading into a consolidation pattern. Looking for bullish price action in the following weeks. PT $3500 (ATH).
$FB #FB Range is getting tight!Facebook triangle pattern is getting tight. Just waiting for the breakout, a stimulus bill would do the trick.
TSLAIF TSLA CAN'T GET BACK OVER 608, IT CAN CONTINUE MOVING LOWER TOWARDS 585, 573, 554.
I WOULD CONSIDER CALLS OVER 608
Facebook - Break Out or Down?FTC wants Facebook broken up to create the same level of competition that would have existed without the mergers.
Facebook still has plenty of untapped potential that has Wall Street excited, apart from its cryptocurrency venture.
In August, it began taking on TikTok with the newly launched Instagram Reels. And the long-term effort to monetize the massive WhatsApp user base is just getting started.
$FB Facebook - 48 state lawsuits today - some targets Fib extensions, trendlines, support/resistance levels, blah blah
FB breakout from the bullish trendRed DOA fired!
Broke below the DOA_S/R confluence!
Its breaking out the bullish trend line!
Now we should see a retest. Once the retest is successful we'll see it follow that path arrow
Laggards of the Month Awards4 Big Tech in post-Biden-win periodLaggards of the Month Awards for Big Tech in the post-Biden-win period goes to: Amazon AMZN, Facebook FB and Microsoft MSFT.
Netflix NFLX, Apple AAPL and Alphabet GOOG doing ok. No need to talk about the price of Tesla TSLA stock.
AAPL PRE MARKET- WEDBUSH RAISES AAPL PRICE TARGET TO $160
I WOULD GO LONG OVER 125.
TRADE IDEA: 127C 12/11
