FACEBOOK INC (FB) WeeklyDates in the future with the highest probability for price direction reversals
Facebookshort
FACEBOOK Stock Drop Below 200| Why People Selling? 24thFeb2020The Facebook stock will drop below 200.00 key level due to that future earnings fall short of expectations due to rising cost. Mostly the income higher report earning comes from the mainland China which China is among the major contribution to the share price. While the pandemic is still happening in the background.
The reported cases has shown less number than actual which coming from the news report. Rumors tell the death tolls rise 10x more than the report actual told.
Have you ever heard 'Buy The Rumors, Sell The News?'
This is the phenomenon which stock trader cant denied and most of them still believe that it is true. Buying something you know to be strong, sell something you know which is not to be true. based on the belief that stock prices move in anticipation of rumors and rebound when profit taking occurs after the actual news is released. It's a risky tactic of stock trading based on just rumors or moving events.
WHY PEOPLE SELLING FACEBOOK STOCK AT THE MOMENTS?
1. Any event that took place in the background which coming to causes, the effect is selling. This is example like war, riot, protest, pandemic or insider.
2. Why do you want to buy while other is selling? Right now people not confident to buy the facebook stock rather than seeking the safe heaven to counter the coronavirus pandemic. Where do the trader put their money right now? Gold and silver.
3. Facebook earning revenue major mostly comes from the advertisement/games/apps. Do you know who is the major contribution comes from their revenue? China market.
4. What makes you interest to purchase the facebook stock? You ask yourself this question. Maybe you like because it is facebook name. Some investor love the apps and they invest in it. What makes you yourself interest to purchase facebook stock? Perhaps because the company is strong enough in earning and stable? For sure, nothing is stable in this world and company shareholder would love to see some of their activities or new project which can create future revenue. For now, it just halt and investor seems not interested for now and move to other instrument.
5. Facebook stock can easily impacted by other factor on the sentiments. If I were investor, I will only put money if I confident enough this stock will rise in the future. Else, selling the stock. It is the confident and demand create the buying pressure.
6. Less demand but fear rather than greed which investor selling the facebook stock
Take a closer look at chart that I have illustrated above. If you can see, the selling pressure coming from the robust selling pressure on the second highest high. The second highest high seemingly not confident enough to break the previous (number 1) high. But the pressure making a gap. This is is happen while the uptrend. Meaning it is a reversal confirmed with the robust pressure made my the investor. Investor afraid and fear thus some of the withdraw their capital out from the stock, the others selling the stock for now.
I have predicted on my previous post that this stock will going to be bearish. Right now, the price of facebook stock hold close @ 210 while I have been predicted long time ago since the price was @ 222.
It is still uptrend in focus towards the stock but right now seemingly the price is going to meet the support @ 191.50 price before gaining the momentum and confident from investor to get the power of confident by purchasing the stock higher.
By Zezu Zaza
FACEBOOK Stock WILL Drop Below 200 Amid Fear CoronavirusCoronavirus has been impacted several stocks including facebook stock. As a sign of rejection, many trader losing interest to purchase the facebook stock in a current situation.
The fear among the people for the disease spread make this stock having a biggest pullback. From the price of 224 key level, trader rejected for the price to go any higher up of 250 level.
This send the price stock to test the price 201 at this moment article was published. The robust supply on the daily chart is a sign of reversal to the price of 165 or worst 161.
Meaning this disease on the fear sentiment trading will be continue until the price recover back to its rally bullish position to continue the trend.
Income from the Facebook coming from many biggest company for the advertising. For now, the biggest client of Facebook is holding the production on supply chain due to
halt export outside China. This will slow down their production and revenue. Many investor has now pull back their money out from the Facebook stock. The demand is not there and the price reject with strong rejection from 224 to 201 in a month just after the disease has been spread across nation wide countries.
Is that coincidence?
Strong sell signal on Facebook (17$ possible drop)Facebook has all the classifications of a Primed Traders sell signal... a contraction leading to a key DC resistance supported by a over-bought RSI.
All the necessary details are in the chart. The trade has been executed on our Shares only account:
- 50 shares sold at 208.14 price
We will update as price moves,
FB Bearish Cypher Update (SHORT)Good evening,
Update to FB, I am short as of today on this asset. Currently in the PCZ of the Bearish Cypher.
Entry now to the top of the range
Exit Targets: Wave B, Common retraces or aim for the fences between A and C
Stop slightly above the pcz.
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Is Facebook set a new record soon ? Hello, Traders!
Monfex is at your service and today we overview Facebook.
Many shares of large, technology companies are reaching new records either near their previous peaks.
Facebook hit the whole world this year with its intentions to conquer the financial sector with the Libra . And met with disapproval and criticism from the regulatory side. Now under the pressure.
What can this chart tell us about the next price movements ?
In order to reach the previous peaks, FB must at least break through the local zone of resistance. Perhaps we will see a short-term rollback of the price to the line and the local support zone, after which the inverted H&S pattern will be visible.
But, if the price will break through the local support zone, then we can expect a further decline towards the next miror zone.
The local resistance zone ~ $193-191
The local support zone ~ $180
The resistance zone ~ $200-205
The support zone ~ $160
Market Cap
540.092B
Share your thoughts, ideas about the market under the chart.
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GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Elliott Wave View: Facebook can See Larger CorrectionShort term Elliott Wave view on Facebook (ticker: FB) suggests the rally to 193. ended wave ((X)). The stock has resumed lower within wave ((Y)) which is unfolding as a zigzag Elliott Wave structure. Down from 193.1, wave (A) of the zigzag ended at 173.09. Internal subdivision of wave (A) unfolded as 5 waves where wave 1 ended at 188.12, and wave 2 bounce ended at 190.41. Stock resumed lower in wave 3 towards 175.66, wave 4 bounce ended at 179.84, and wave 5 of (A) ended at 173.09.
Wave (B) bounce is currently in progress to correct the cycle from Sept 20 high in 3, 7, or 11 swing before the decline resumes again. Internal of wave (B) is unfolding as zigzag of lesser degree where wave A of (B) ended at 181.18. Expect a pullback in wave B, then another leg higher in wave C to end wave (B). Afterwards, as far as pivot at 193.1 high stays intact, Facebook should extend lower. Potential target to the downside can be as low as 100% Fibonacci extension from July 25, 2019 high towards $143.4 – 152.9.
Facebook bearish Wolfe Wave,riskreward 1:2,exactly fibo rebounceHI BIG PLAYERS,
in this view I present a bearish Wolfe Wave on facebook chart.
The rebounce was exactly on the fibonacci line 1.272 and will support with a candle indication: morning star.
I see it to late, this is why I actually can give an riskreturn of 1:2.
Best regards
NXT2017
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My strength in trading are Wolfe Wave pattern.
FACEBOOK TREND WATCHMarket looks to be near ready to break out of channel.
Few possibilities on how this will occur.
One to watch closely for a great sell opportunity.
For observational purposes only, trade at your own risk...
you scared? I would be. nothing crazy.
just notice double top RSI at 60 on monthly RSI.
after a nice bounce off 40, bull market RSI support, its now hit 60, formed a double top, or potential bear market RSI resistance.
Price action looks like complete ass.
Looks like a confirmed double top as well.
Looks like southern cross evening candlestick pattern as well on most recent swing high.
it just looks like shit.
I see a lot of other stocks doing this too.
see you in a few years.
Elliott Wave View: Rally in Facebook is CorrectiveShort term Elliott Wave View on Facebook ( FB ) shows the decline to August 6, 2019 low (176.29) ended wave ((W)). The rally from here took the form of a corrective structure.
Up from 176.29, wave (W) ended at 190.98 with the internal subdivision as a zigzag . Wave A of (W) ended at 186.30, wave B of (W) ended at 181.22, and wave C of (W) ended at 190.98. The stock then ended wave (X) pullback at 177.39 with the internal subdivision as an expanded Flat.
Wave A of (X) ended at 185.11, wave B of (X) ended at 191.38, and wave C of (X) ended at 177.39.
Wave (Y) rally is in progress. Up from 177.39, wave W ended at 187.50 and wave X of (Y) ended at 182.39. Near term, while above 177.39, expect Facebook to resume higher in wave C of (Y). Potential target to the upside is 192.71 – 195.15 area, which is the 100% extension from August 6 low. From this area, the stock should then resume lower or at least pullback in 3 waves.
FACEBOOK INC Shorting opportunityFACEBOOK has put a reversal signal after breaking above 200 and back below a key level around 197-198. It has made an effort to close the unfilled GAP at 217 levels and failed and broken through a key level at 197.
On top of that FACEBOOK has put a bearish confluence with the momentum and the price action.
Also it has significantly moved away from the 200EMA suggesting a bit overbought. But the long term trend is still up.
Therefore we can build a case to go short (very short term) in this stock expecting a 68% retracement towards the 200EMA
FB: Longterm Short TradeGood Morning TradingView Family!
Today we are looking at the FACEBOOK stock on the larger timeframes. Please note that im not that much into stocks and most likely trade currencies!
But this longterm short setup got my eye. Price from FB did break through the 200 Dollar mark and now is consolidating. From this point on i really like to see a larger correction to the downside.
First potential price targets are around the 181.00 Dollar area.
Wishing everyone success and a great trading day!
FACEBOOK, #FB, #short, Facebook, first prices to consider for buying $188-184.77. This is average price. But my wish is to get long FB position $157-152, this is in case of dropping off by the end of August.
Facebook (FB) sell signalsFacebook (FB), Weekly chart: Resistance zone + "Hanging Man" candle pattern + Extended divergence on RSI(14)
The Moment of Truth for Facebook - 150 USD in Play?Last time we bought the dip at 161, and now we could be looking for a C retracement down.
For a B retracement FB cannot go higher than the previous high at 198, if it does that we have higher highs coming.
C target would be around 150 USD.
Please like the post, to be updated.
Facebook - Bearish Divergence. FBNASDAQ:FB is looking extremely bearish. Expect a drop
#facebook #fb #short #bearish
FACEBOOK! it aint prettyWelcome to this quick TA on Faecbook
Quick look on the following indicators:
- MACD appears to be rolling over (bearish)
- ADX momentum coming in (>20), DI- crossing over (bearish)
- MA downward crossover (bearish)
We observe a large channel in formation indicating a commencement of a downtrend, with lower high printed at the big even of $200. Failing at this level, we see that an accurate pullback in accordance to a 50% Fib retracement to $160. The latest candle however seems weak bearish action given the length of the wick, regardless this may be indicative of a dead cat bounce at the expected 50% Fib range. We may see a short term recovery, but the next level target in the coming months would range around the $150 level / 200MA / 38% Fib range.
However, if we do see a clear breakout to the upside from the 100MA (in orange), price may retest the upper band of the descending channel.
FACEBOOK stockswell, after yesterdays service outage of the 3 social networks (FB, IG and WhatsApp) we still do not have a clear explanation of what happened, then I decided to look at the most unbiased newspaper: the charts.
price between 50 and 61.8 retracement from the last drop, strong divergence and as I like to call it ''bearish trendy crown'' chart pattern, so both technical and fundamental traders might be looking to short FB on the opening today. let's see what happens.
