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FACEBOOK INC. (FB)After an incredibly lazy February, Facebook (FB) gave a small sign of upside on March 11, which was almost totally eated the following day where the price tested again at the 20 EMA. The future of mobile gaming is getting out of hand to Facebook, which is present with its Ocucus Rift & Quest in VR, but which has not been able to carve out a place among the giants (Apple, Google and Microsoft) despite having a well-tested platform. . The fact that it never made a turn, never built proprietary hardware (only bought Oculus), was a determining factor for a company that, in the end, lives on advertising. The mid-long term view remains bullish. 1 price target: $ 286 2 price tag: 300 $ As usual, I will keep the position updated, but I anticipate that in the event FB reaches $ 300 I will liquidate the profits accrued so far, keeping the remaining shares with a very advantageous entry price even today. Lazy Bull DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
NASDAQ:METALong
by LazyBull5
Is that a bullish pennant forming? Facebook appears to be in a consolidation phase. It looks like a bullish pennant is forming and may continue to play out for the next few months. The signals are suggesting that the price is likely to fall somewhat. Lets see if it holds at the support line at around $244. The question is, should one wait before getting into the stock or be of the opinion that an entry point of around $255 - $260 should be an attractive entry point after the bullish pennant has been completed? Fundamentally its a great company and a solid buy and hold. I think it all comes down to the entry point and position size. Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader. Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
NASDAQ:METALong
by JesseMorgans
Facebook: Triangle Pattern To Send Price To A New Record HighFacebook still remains the biggest social media platform, growing its user base to about 1.9 billion daily users and 2.8 billion monthly active users. Facebook stock was down to $137.21 per share in March 2020, losing approximately 38% in the first three-month of 2020. But boy, what an entry point that low turned out to be. Facebook stock surged to nearly $306 by August 2020, up 120% in five months. Unfortunately for the bulls, since August 2020 the bears have taken over and sent the price to $243 for a 20% correction. As of this writing, it is still down some 10% from the record high. Should investors buy this dip? Elliot Wave View The daily chart above puts the post-March 2020 surge and the subsequence sideways move in the Elliott Wave context. The surge from FB’s coronavirus low of $137.21 in March 2020 took a shape of a five-wave impulse. The pattern is labeled (i)-(ii)-(iii)-(iv)-(v) in wave A. According to the Elliott Wave theory, a three-wave correction in the opposite direction follows every impulse. And indeed, the sideways decline that started from $305.05 high in August 2020 fit for the three-wave correction. This range-bound price move that has been unfolding for almost eight months has a place in the Elliott Wave principle and is very fit for a contracting triangle pattern, which is labeled as (a)-(b)-(c)-(d)-(e) in wave B. Facebook Bears Are Overstaying Their Welcome According to the Wave Principle, a triangle usually precedes the final move of a sequence and the price will resume in the direction of the impulse once a three-wave correction is completed. Considering that the triangle corrective pattern is completed, it makes more sense to expect a rally above the 2020 high of $305.05. Aside from the Elliot Wave principle, Facebook price action has been respecting 200-day Exponential Moving Average, this indicator usually acts as a strong demand zone during a corrective phase and only reinforces our optimism. If this analysis is correct, Facebook stock has the potential to rally above $400/share, that’s a 45% advance from the current market price. What's your view on Facebook stock? Let me know in the comment. Thanks for reading! Veejahbee.
NASDAQ:METALong
by Veejahbee
4
Facebook Stocks - The Next Homerun Hello. In the last several months as we all saw that the index of the tech reached new highs and breaking record after record it seems that this will probably not stop for the moment. As you all know mostly there are several big tech companies that are very popular to investors , and Facebook is one of it. In the last year Facebook have managed to reach also new record and after the last few months run it reached at resistance with the price at 300$. After this big long run , the shares made a pullback at the support of 250 and since then the price is bouncing between this 2 points forming a triangle formation. The bottom edge of the triangle is acting as a support for the price. Every time the price touch or go below the support edge will recover and close over it. Since the end of the summer ( and the support at 250$ ) we have at least 4 weekly bullish reversal bar when the price recovered and closed green . I think that the next move for Facebook will be higher to a target of 350 $/stock. As the price is getting closer to the end of the triangle the price will make a big move as the the price bounced for months in this triangle storing energy. This week the price recovered and closed green ( bullish ) just 30 minutes before session close. This is my analysis. I am not a professional trader and i do not give advice. Take care, happy trading !
NASDAQ:METALong
by Semaca