Get started

Facebook

Will Facebook Break the Wedge Pattern?I started to see the wedge pattern on Facebook recently. And it is one of the biggest in recent time. As I believe the bigger the pattern, the larger it will move up or down (depending on the direction of the trend). Although in the bigger picture (weekly chart), Facebook is on bullish trend. We should not discount the potential downward movement. The next couple trading days will be crucial to determine Facebook short term trend. There has been some bad news that putting Facebook shares under pressure. So a breakout of the bottom trend line of the wedge will put Facebook on sideway movement. However, I am expecting a rebound to continue forming the wedge pattern.
FLong
by StevenWibawa
FB 300+Worldwide, there are over 2.74 billion monthly active users (MAUs) as of October 29, 2020. This is a 12 percent increase in Facebook MAUs year-over-year. This is compared to 2.38 billion MAUs for Q1 2019 and 2.38 billion MAUs for December 2019 FACEBOOK MARKET PLACE IS BOOMING NEW LINKEDIN LIKE FEATURES THEY OWN INSTAGRAM YOUTUBE VIDEO LIKE SECTIONS TIKTOK LIKE SHORT FILMS MESSGER + FACETIME ABLE NEW DEVICES SHOULD BE ROLLING OUT SOON THEY SHOULD BE TACKLING ISSUES AS OTHER EMERGING INDUSTRIES ARE !!
FLong
by trevorrossfeit
3
Facebook, about to blow?Today we examine Facebook. Long time uptrend is our extended lower(green) line. Over the past few months shorts have had their way bringing it down. The purple line is a different color because it seems to be the area price action reacts to, and it creates this nice little ascending triangle(bullish) if we examine the shape. Lets note 2 dates and ill explain why. Oct. 29th Nov. 4th We see volume spikes on these days as price action crosses over the purple line both of these dates. We crossed back over the purple line this week with conviction (imo.) We see price action in a broader symmetrical triangle of sorts with the (green) resistance lines. Looking up institutional ownership we dont see much out flow with some decent inflow. Price action seems to be tightening up, selling volume decreasing, buying volume increasing If Facebook can clear this whole pattern, we can see new highs Personal end of year price target: $300 Good luck all, Happy trading!! Come join us for more charts like this, live stock alerts and news: kick-assets.com/join/
FLong
by king806
2
FACEBOOK : BEARISH GARTLEY PATTERN - POTENTIAL R/R over 2.00% 🔔Welcome back Traders, Investors and Community! Analysis of #FACEBOOK If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish Gartley pattern with Volume studio. Potential Max R/R 2.09 A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
FShort
by FOREXN1
1
FB longNice symmetrical triangle formed for FB here; consistently found support on the bottom upward trend line, likewise for the downward upper line (lower highs and higher lows); 26th Aug it hit its high of 304.67, 67 bps from the bottom trend line (the pink line), can see it jump around the same 67bps from where its at now Fb's position has continuously not been affected by lawsuits or whatever, lets face it, they're a powerhouse with multiple consistent revenue streams and only look to keep going ps still very amateur at charts, would appreciate feedback and thoughts
FLong
by busanta29