Facebook (FB) (January 28th 2021 through 2022)
Low: $230
High: $330-$364
2020 Q4 announcements are in the morning. I think Facebook may have a chance to pull off some positive guidance, don't see why revenue would be down especially with election drama driving ad revenues.
Earnings could outperform the $3.19 expectations, I'd say $3.30 would be decently optimistic but realistic still.
I'm not sure its in a true triangle pattern but it would be interesting to see a fully matured C wave if it is.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Low: $230
High: $330-$364
2020 Q4 announcements are in the morning. I think Facebook may have a chance to pull off some positive guidance, don't see why revenue would be down especially with election drama driving ad revenues.
Earnings could outperform the $3.19 expectations, I'd say $3.30 would be decently optimistic but realistic still.
I'm not sure its in a true triangle pattern but it would be interesting to see a fully matured C wave if it is.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Note
The high ended up being $384, just $20 north of my original maximum estimate! It happened quicker than expected, and now we are also at the price level of $230 immediately after.Not sure if it will go further but could hold support near $140-$170 as long as a huge market crash doesn't obliterate everything else too, idk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.