Facebook ScenariosIt can be seen that there are two bearish scenarios in play with a rising wedge that may breakdown
Also an inverse H&S that is yet to complete its right shoulder
However a bull flag has also formed
2 Bearish
1 Bullish
Bearish move seems logical.
Techno Stocks or Cryptocurrency e.g. Bitcoin is the question Since 2018 the technology stocks, in this case NASDAQ are performing better than cryptocurrencies in this case bitcoin. One need to pay more bitcoin to buy techno stocks.
Seems the markets are now almost equivalent and if one will crush then other too.
facebook analysis in 15min (SELL SIGNAL)the facebook will go down to test the blue line after that will go up
facebook analysis in 15min (BUY SIGNAL)we will have short postion after that the chart will go up agine
FB wave (5) completion Overextended Rally FB wave (5) rally in progress with more push higher towards $256 to then complete wave (5). We are looking for wave (5) to fail into 256 resistance setting up for a corrective wave lower back into the low 200s.
260$FB closed at 240.86. Hit my price target. Unfortunately I sold yesterday like a beta but its okay, profit is profit. I have a put on this. It got rejected at the resistance line again. Although it hit ATH it was unable to hold. Had a little sell of at closed. Looking for this to bounce at the 0 line where the line ends. Tomorrow FB releases the audit i think for the ads and everything. Their meeting was today and Zuck man is holding strong. Tomorrow should determine where the stock is going next. New price target is 260. If it bounces at any lines above 0 and holds then thats a signal to buy. Red day tomorrow (July 8) or Thursday (July 9). Looking like Thurs though.
$FB Looking To Bounce Off of .618 Supply Zone (Cup and Handle)Confluence:
1. Well Respected .618 Fib Retracement Level
2. Strong Support Level at 232.75
3. Cup and Handle Pattern Forming
4. Strong Candle Bounce Off of .618 Fib Level
5. $ES Futures Looking Very Bullish On 1H & 4H timeframe.
Facebook possible higher low brings opportunity for buyersFacebook making a higher low on the formed uptrend channel
Bullish Charts - Golden Cross, Facebook Shuts Down HobbiPinterest, Inc. provides visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, home and style ideas, travel destinations, and others. It shows them visual recommendations based on people personal taste and interests. The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in April 2012. Pinterest, Inc. was founded in 2008 and is headquartered in San Francisco, California.
On 07/01/20, news hit the wires that said Facebook confirmed it was shutting down its rival website / app Hobbi leaving Pinterest with great potential & almost no competition.
With Short Sellers controlling around 5.54% of the stock, and the news that Facebook is shutting down its rival app, I think this stock could easily run and possibly double in price.
Daily Chart is Bullish
The 50-Day MA just crossed up above the 200-Day MA
Volume, MACD, RSI, Stochastic and Accumulation are all Bullish
The Cloud is Bullish - Indicators listed below.
12-Jun-20
20.89 Bullish Chikou Span Cross Strong
29-May-20
20.29 Bullish Tenkan/Kijun Cross Strong
26-May-20
19.50 Bullish Kijun Sen Cross Strong
26-May-20
19.50 Bullish Kumo Breakout
27-Apr-20
20.78 Bullish Senkou Span Cross Strong
PINS could be the only play in town for what it has and does.
Long!
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Facebook: The 1 year pattern. Sell opportunity.Facebook has a unique sell entry pattern holding since April 2019. As seen on the chart, there is a +1 year trend-line of Higher Highs. Every time FB touches this line, it pulls back to the 1D MA200. Out of the previous 3 occasions, 2 times the 1D MA200 held while 1 time (COVID) it broke. At the moment FB is rising following Friday's strong selling but until it makes contact with the 1D MA200, we are not convinced that it is a buy again. We are selling on every rise and will book profit on the 1D MA200.
See how we used this pattern last time in January to great advantage:
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Facebook stock : Is going up and down then right back upaccording to candlestick analyses it is highly pridected foe facebook to go up anf the trend line supports that after that there will be a minor down trend but as soon as possible it will go up {VOLUME ANALYSE } wich means that it is a buying sign
so i can be wrong but if i am don't hesitate to contact me pls
thanks
$FB to test 208 supportFacebook $FB is going for a test of the strong upside support/downside resistance 208. A break below will trigger a pulback to 170 key reversal area
FACEBOOK DISCOUNT? Back to 230's i think happy Sunday everyone. While the stock market was blood red on Friday, it made for some sweet deals on stonks lol. Here is my two cents. If the stock market falls then the economy is screwed. As much as it sucks its the truth. If something were to happen it would already happen. Friday for whatever reason was a slow day. The volume was low except for Facebook. Facebook was in that channel and found some resistance (241). They bounced off it 3 times so it was really trying. It broke its smaller channel when the sell off began. My expectation is that Monday (June 29) the stock should be bought up. The news for the sell-off was people pulling their ads from the site due to some racial controversy. Pepsi pulled out today (June 28th). The stock will most likely open lower but every Monday has been bullish. If the rest of the market is going up then Facebook usually will. Facebook is something that is a long term hold from what I've heard. That's all I've got lol
PS: if you are trading options just do within 5-10$ range. The only time it should just rip upward is if it falls to far and tries to get back into the original channel.
good luck, trade smart,
this is not trading advice. I am new and don't know anything. hoping this helps
good luck lol
