trend and news analysis of facebook stock
in January , waterfall happened in facebook stock because of the pandemic , and price reached to the bottom of the long term channel
( yellow trend lines ) meanwhile the stimulus packages help market to recover the loss , a few days after the beginning of up trend , Hopes for reopening also began and help the bulls , until price reached to top of the channel and some breakout happened but the market trading with a low volume on these days and it couldn't fix above the channel ( yellow trend lines ), meanwhile this things happening on that moment the company made some mistake in its policies and some major companies stop (ban) their adds on facebook platform ( This may reduce the facebook earnings and revenue in future ) and second wave of corona start a bear trend . two scenario might happened in future :
1. price react to the green zone which is showed in picture and start a up trend or range trend for some moments ( range trend is more possible) .
2 . price breakout the support zone and head to a another support zone which is showed by red rectangle .
after all i think company are facing some major problem and it could have a direct effect on facbook stock .
( yellow trend lines ) meanwhile the stimulus packages help market to recover the loss , a few days after the beginning of up trend , Hopes for reopening also began and help the bulls , until price reached to top of the channel and some breakout happened but the market trading with a low volume on these days and it couldn't fix above the channel ( yellow trend lines ), meanwhile this things happening on that moment the company made some mistake in its policies and some major companies stop (ban) their adds on facebook platform ( This may reduce the facebook earnings and revenue in future ) and second wave of corona start a bear trend . two scenario might happened in future :
1. price react to the green zone which is showed in picture and start a up trend or range trend for some moments ( range trend is more possible) .
2 . price breakout the support zone and head to a another support zone which is showed by red rectangle .
after all i think company are facing some major problem and it could have a direct effect on facbook stock .
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