TheThunderbird

TheThunderbird

Made for educational purposes. Important levels for FB that need to be considered.

TheThunderbird

Expecting a crash of 70% or more. Competition is heating up and Netflix's field of expertise, streaming, is now getting cut open and used everywhere. Technology is there for anyone and everyone to stream video. Streaming video used to be incredibly challenging - with cloud computing it is now easier than ever. Big media players are entering their space this year...

TheThunderbird

Rising wedge on S&P. Patiently waiting for a breakdown or more clarity, adding to short on larger bounces. Highly unlikely will breach the red slope which acted as a strong support on the way up until price broke it down, so might be retested (HPS) and give us another wave (5th) before dumping more. Could also form a double top, watching closely!

TheThunderbird

Apparently there is another buying wave setting up, might be a subject for a long entry. Most likely a bull trap so getting ready to short afterwards. Larger TF also says there is more room for the upside movement. Trade wars could have huge impacts on the company - can drop like a rock if Trump slaps tariffs which most likely is going to happen IMO .