Facebooklong
Technicals $FB on 1 HR Chart coming into earnings showing a BUYWhat are the technicals saying coming into $FB Q3 earnings
1 HR CHART
MACD is about to cross over on the 1hr from a low
RSI is at 40 close to a mid range pointing up showing strength
Price is attempting to push into FB existing range of $148 to $160
15 Min Chart
MACD has already crossed over on the 15min chart, bouncing off previous channel and reattempting to break through
Long $fb coming into the Earnings CallGoing long $fb coming into earnings call, p/e ratio is at 20
Rsi in the long term severely over sold and MACD bottoming out
I think FB is going to offer earnings call with good results, they have been extremely quite during the sell off.
Instagram is on fire and i think one of the most used social networks atm with ad revenue starting to come in adding ontop of FB ad revenue, we should have stella earnings results
We are in a descending channel, touch the bottom of the channel at $149 with RSI showing a bullish divergence
Entry: $145
Stop Loss: $133 on long term support
Target 1: $156 30%
Target 2: $171 30%
Target 3: $200 remaining
If overall market sentiment shifts out of the drop then this is a great long term hold, with discount prices at early 2017 level and FB is just starting to rev up its over all ad network , with great earnings per share as it is.
Facebook - bounce off support ahead of earnings - gap fillBearish prediction for Facebook stock ahead of earnings. I think the resistance line I've marked will be tested again, followed by a bounce, and if the earnings report is good we could see the previous gap get filled. This is supported by the RSI indicator.
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Facebook bulls almost ready to takeoverWe could se a retest of the key support line ( 169.63 ) on the daily timeframe, price has tested and bounced on a few occasions ( marked by the arrows on the chart ) if we take into account the fundamentals along with the technical analysis both point to the bulls taking over and pushing price higher.
• Daily active users (DAUs) – DAUs were 1.47 billion on average for June 2018, an increase of 11% year-overyear.
• Monthly active users (MAUs) – MAUs were 2.23 billion as of June 30, 2018, an increase of 11% year-overyear.
• Mobile advertising revenue – Mobile advertising revenue represented approximately 91% of advertising revenue for the second quarter of 2018, up from approximately 87% of advertising revenue in the second quarter of 2017.
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Facebook heading in correct directionTake a look at our charts, we called the Facebook long, as soon as we called it we had 2 days of bullish movement.
Hours and hours of reading reports, earnings and news pays off, this is what we do for our clients.
All TP and SL are reserved for our clients.
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Prediction Correct: Huge FB DropAround April, I predicted a large Facebook drop around this year for correlations in price. This was especially true given the #DeleteFacebook party, the Cambridge Analytica scandal, and now the increase of decentralized social networking. Facebook is likely set for a long recovery for price correlations that are aimed towards positive, but have a long ways to go management wise and growth wise to get to where they need to be. Overall, lots of the negative correlations in price could have been avoided if not for not meeting their earnings goals or the rise of recent scandals and negative press.
Look at the Bigger Picture, the UPTREND is still intact $FBIf you a take a step back and look at the bigger picture, the uptrend is still intact. Fundamentally, the earnings weren't disastrous. I felt that physiologically, too many people piled into FB in the past few months with a very optimistic view and once they heard a droplet of bad news, they over-reacted and the stock plummeted. However, hindsight is 20/20 but playing earnings is many times like flipping a coin. I've taken advantage of this recent drop and have purchased future dated call options.
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DISCLAIMER
Disclosure: I/we have positions in the investments/securities mentioned.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose investments/securities is mentioned in this article.
Facebook /stumble of a giant / opportunity__facebook a great fall of the giant of social networks, of course, since their current business model has been affected to a large extent, but we must remember that many people use this platform not only to facilitate and more in recent times to conduct business, and services, which facebook put the eye and possibly tomorrow put a braso is this new focus.
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note:
act with caution take into account that this is a movement to the term based on the similar pattern presented in the past. __
Easy FaceBook Trade +30% in 90 days w/ Spectro™ MThis is a textbook trade using Spectro™ M
The green triangles mean that Spectro's Reversal Confirmation is triggered, so after that we just waited for the next conservative Spectro™ M alert and bough in, still no sell alert but we have the red triangles warning for a big correction or reversal so we just closed this position.
So if you're thinking about shorting it, I'd get ready for a possible good entry point.
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Facebook is one step away from the biggest failure in the historLooking at the Facebook share price chart (see the figure above), there are literally no signs of an approaching disaster: the price at record highs and the annual growth rate approached 25%. But trouble is already knocking on the door. Yesterday after the market close, the company unveiled quarterly results. And we can’t say that they were very much a failure. Revenue rose 42% to $ 13.2 billion (although analysts had expected $ 13.3, but the deviation is quite insignificant within the margin of error). The number of active users was 1.47 billion (analysts' expectations of 1.48 billion), which is 11% more than a year ago. Net income per share even exceeded forecasts of analysts $ 1.74 (analysts' expectations of $ 1.71).
But investors reacted very painfully to the comments of David Wehner, the chief financial officer, that the company's revenue growth will continue to slow. He noted that the rate of revenue growth will soon become a single-digit number from a two-digit number.
After that during the after-hours trading shares of the company collapsed by 24% (!). This is the largest one-day drop in the history of the US stock market in USD terms. The company lost over $ 150 billion (!) in several hours. What makes Facebook an absolute champion. Recall that before that, Intel was ranked first (the amount of one-day losses was $ 91 billion), followed by Microsoft ($ 77 billion), Apple ($ 60 billion) and Exxon Moblie ($ 52 billion).
Despite a quite depressing picture, we consider such a development of events a classic market overreaction, when investors and traders greatly overestimate the significance of an event and the price deviates significantly from the fundamental value. This leads to the appearance of temporary inefficiency in the stock market, that is, opportunities for earning. The fact is that anomalies (and in this case it is a classic case of a market anomaly) tend not to last long and the markets return to their equilibrium state.
Therefore, we recommend taking advantage of the unique opportunity that arises extremely rarely and earn by trading on Facebook promotions. According to the OverReaction Hypothesis, deviation from the equilibrium price in the form of overreaction disappears with time and occurs in the form of the contrary movement. That is, after a sharp decline in shares, Facebook should grow in value. Therefore, we recommend today the purchase of Facebook shares for quick earnings. Once again, this is a unique opportunity, and such chances arise on the market very rarely.
FB - Hyperbolic BuyFB is a STRONG BUY and is going hyperbolic. Price Target is $240 by the end of the year. Next Primary Correction price target is $440.
Facebook is currently in a Cycle 5th Wave and in the 3rd Primary Wave of the Lower Degree.
Since the IPO the biggest retracement has been 23.6% besides the 61.8% retracement of the 1st Cycle Wave. The most recent retracement occurred during the Cambridge Analytic scandal. The 23.6% retracement suggests the extension of the 5th Cycle Wave.
FB shows incredibly strong momentum and is only beginning to monetize all of it's social platforms and has a lot of more room to run.
Conclusion: The Wave Counts suggest that the 5th Wave will be extended making the Social Giant's stock to go hyperbolic.
-AB
Facebook Elliott Wave Analysis: Pullback Remains In ProgressHello Traders,
In this Elliott Wave Analysis, we will have a look at Facebook in the 1-hour chart.
Short-term Elliott wave analysis suggests that the rally to $203.55 ended in black wave ((1)). Down from there, the pullback in black wave ((2)) remains in progress in 3, 7 or 11 swings to correct cycle from 3/26/2018 low. The internals of that pullback shows an overlapping structure thus suggesting that the correction takes the form of corrective structure i.e either (W),(X),(Y) or (W),(X),(Y),(X),(Z) structure.
Below from $203.55 high, the pullback is proposed to be unfolding as Elliott Wave double three structure where blue wave (W) ended at 193.11, blue wave (X) ended at 200.75, and blue wave (Y) of ((2)) remains still in progress. The internal of blue wave (W) also unfolded as a double three structure where red wave W ended in 3 swings at $199.31, red wave X ended $202.24 and red wave Y of blue (W) ended at $193.11 as a Flat. Up from there, blue wave (X) also unfolded in 3 swings as Elliott Zigzag structure with red wave A ended at $199.40, red wave B ended at $195.98 and red wave C of blue (X) ended at $200.74 high.
Down from there, blue wave (Y) of black ((2)) remains in progress as another double three structure. Internals of that decline ended red wave W in 3 swings at $192.22 and red wave X ended at $197.45. Near-term focus remains towards $188.92-$186.90, which is 100%-123.6% Fibonacci extension area of blue wave (W)-(X) to end black wave ((2)) pullback. Afterwards, the stock is expected to find buyers for black wave ((3)) higher ideally or should do a 3 waves reaction higher at least. We don’t like selling it into a proposed pullback as the right side remains to the upside in the higher timeframe.