$FB Bullish Harami Pattern, Potential Reversal to UPSIDE?Bullish Harami is a candlestick chart indicator suggesting that a bearish trend may be coming to an end.
Please note, I do understand this sounds counterintuitive since RSI is 24.64 at this time.
Please let me know your thoughts.
Thanks,
Kelly :)
FACEBOOK: WILL BE ALWAYS A BIG SHARKThink about this: you can connect with your friends with other social, many of it are Facebook's properties.
Many social has only app mobile mode, Facebook and a few other has pc mode.
If you want to use a social on pc you can use Facebook, Twitter, Discord and a few others.
But Facebook has around 2 billion users, the others no.
The point?
If you no longer need a pc, why Apple continue to sell Macbook and iMac?
Obviously you can use pc for many reason, but lost time on social is one of the main ones (like time lost on Youtube).
So, did you scared about this crash?
If yes you don't understood yet how works the stock market.
Buy, don't cry.
Is Face book undervalueLet’s start with fundamentals:
1.Earning for q4 was about 4 % below estimate (33.67 B) but still 20 % higher than same period last year.
2.Totall net income for 2020 was 29.15 B and for 2021(4 quarters) is 39.37 B. Isn’t it wonderful?
And FB is trading at 232$ (is equal to the average price of 2020, but with 34% higher net income.)
And after all FB is heavily investing in metaverse. This investment reduces net income for the current year and it will gain it back in near future.
Now technical:
1.Who bought 181 M of FB shares yesterday and 42 M of shares until 12 PM while the average volume was about 20 M? Yes, big boys
2.look at the chart at weekly period:
The important 200 moving average is touched and since 2016 only was touched 2 times, once in Dec2018 and the second was in March 2020 at the beginning of the pandemic. This moving average is an important support.
3.The volume that has been traded in this week is more than the volume in the peak of covid19 decline.
4.You can see the black line is a very strong support.
5.The CCI level is -385 which is the lowest amount from the IPO
6.The RSI level is 23 which is the lowest amount from the IPO.
All saying that it will see the real value.
Meta Correction Not Close to FinishedConsidering FB/Meta’s steep and recent descent, Bulls are preparing to buy the dip in expectation of long term support being discovered.
Applying the complex science of Elliott Wave Theory to Meta’s all-time price structure, Digital Surf believes that FB will see another stunning drop in the months ahead.
Grab a board. Let’s surf.
(technical analysis/notes removed from chart)
META /FB Unique buy opportunity to double the investment at $480Following the disappointing earnings, the Meta Platforms stock (formerly Facebook FB) saw a decline of more than -25% in a day. This is not the first time that we see the market panic over FB or its earnings in particular. It is interesting to note that the correction from the September 2021 High is around -38.50%, roughly the same as the January - March 2020 correction due to the COVID outbreak. The price almost hit the 1W MA200 (orange trend-line). During the COVID correction, the price dropped even more to the 1W MA300 (red trend-line) and if that takes place this time around as well, then we should be looking at roughly a -45% correction.
The last correction of that magnitude was back in July - December 2018, a disappointing period for FB due to the data scandal, new users decline, security issues and of course disappointing quarterly results. Which is more or less the situation that the company is facing today. As a result, it is easy to understand that FB is familiar with this kind of pressure and all times came out stronger with a Higher High near the next +1.0 Fibonacci extension. So even if we see one last flush to the lower MA period, this seems like a unique buy opportunity for long-term investors. The next Fibonacci extension to fill is Fib 4.0. A target slightly below is $480, which from the current levels represent +100% Return on Investment (ROI) i.e. double the capital.
Would you invest a significant portion of your portfolio now on Meta or wait a while longer? Let me know in the comments section below.
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Uptrend soonJust an analayze.
These days, there is talk of a decline in the value of Facebook . I think , we are at the end of the fourth wave of correction.(the fourth wave correction is likely to be five microwave).
The end of the fourth wave And fifth wave are specified. plaese observe the stoploss.
If the Sl line is broken, we will have an anti-cycle and we have more corection.
Buy The FaceBook Dip Efficient Market Hypothesis - Inefficient market
Yesterday FaceBook plunged 22% in early U.S. trading on the back of poor earnings results, putting it on track to erase about $195 billion. That’s the biggest collapse in market value for any U.S. company.
This isn't the first time FaceBook has set this record. In July 2018, the company's stock plunged 19% after a slowdown in user growth, translating to a $120 billion decline in market capitalization. As you can see from the last time Facebook experienced a decline such as the one we saw yesterday, the stock recovered and exceeded all time highs.
Price could head down to support around the $200 level. However, I have confidence in taking a position here playing for a bounce and holding long term if an upward trend forms. I believe there is a high probability that the market has overacted thus causing an inefficiency and there will be a reversion back to a fair value above current levels.
Mark has big plans for the meta verse and at some point this company will drive momentum back to all time highs.
My trade size and risk will allow a visit to the $200 range.
Good Luck (:
Facebook/Meta Platforms Analysis 03.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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Thank you for watching and I will see you tomorrow!
BTC bounced from resistanceBTC managed to reach $39.2k but wasnt able to break and dropped, Meta (Facebook parent company) stock dropped 25% today (last 24hrs), due to a poor Q1 report from them, which is the reason for todays weakness.
Global market is also showing weakness.
According to chart, BTC is still stuck in the downtrend (falling wedge), this pattern needs to be broken and will make BTC very bullish if it is. $39-41k is the major resistance and $33-35.5k is current support levels, with $30k being a major support. Entries are possible in either a breakout or when BTC touches the support.
Trade between the lines, trade safely
FB META Levels for a Bounce Currently Sitting at the 0.618 FIB support for the moment but I can see more potential
downside in the coming weeks/months.
Most likely that will be complete around the .886 fib which has confluence with fixed range pull and
the range before Covid 2020 selloff.
Correcting back to those old ranges before the Covid Selloff 2020 makes sense after 180 % gains
regardless of the event that gets us there its a healthy market correction and needed.
If we hold where we are then i think its possible to range inside of the Unofficial red channel
but eventually find our way down to the said levels .
Investors Lost Much Dough 🍞 On Meta Platforms (NASDAQ: $FB)!Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide. It operates in two segments, Family of Apps and Facebook Reality Labs. The Family of Apps segment's products include Facebook, which enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way, as well as other services. The Facebook Reality Labs segment provides augmented and virtual reality related consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was founded in 2004 and is headquartered in Menlo Park, California.