Fbshort
FACEBOOK - Communication is not subject to crises!Good day to all! An interesting picture is obtained when analyzing the shares of the well-known company FACEBOOK INC.
The price of the stock has been moving in the flat channel since 2016. As you can see on the chart, nothing terrible during the stock market crash in 2020 did not happen with the stock price. All within the channel. Price pushed off from the upper border and moves to its lower border. The correctional movement ABC is formed. Levels are shown on the chart.
Also seen is the formation of a double top. But it will be possible to consider this option in case of breakdown of the lower boundary of the channel or the level of 116.64. In this case, the price will continue the downward movement to the level of 28.43.
Most likely, this option will be possible with global changes in this company such as: the exit of investors, the main owner or something else that could lead to such a drop in the share price of a high-tech company, a service that is even more relevant during the global epidemic and quarantine.
According to the indicators on the daily timeframe, the price has adjusted, but remains in the oversold zone, the continuation of the downward movement is possible.
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Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
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
Daily FB forecast timing analysis by Supply-Demand strengthStock investing strategies
View a Chart with Supply-Demand(S&D) strength forecast: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
S&D strength Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed from a strong buying flow to a suddenly strengthening selling flow.
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.3% (HIGH) ~ -1.3% (LOW), -0.5% (CLOSE)
%AVG in case of rising: 2.3% (HIGH) ~ -0.2% (LOW), 1.8% (CLOSE)
%AVG in case of falling: 0.8% (HIGH) ~ -1.4% (LOW), -0.6% (CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
FB! The Rocket is fulled up! Get in before it is too late! Hello Friends,
I won't talk here some personal stuff, just look at this beautiful MACD and RSI. They say please buy me, buy me, I am very bullish. The moving avarages are also perfect. We are ready, there is nothing to say.
Stop Loss: 168$
Entry Point: 172$-178$
Take Profit 1: 185$
Take Profit 2: 202$
Take Profit 3: 218$
Take Profit 4 : 240$ (end of the year)
Facebook Drop PredictionGiven the recent Cambridge Analytica scandal as well as what happened to the launch of some FB products as well as their API system, things are not looking good. Also the #DeleteFacebook party led by WhatsApp's Co-Founder isn't having investors amused. While Facebook will most likely recover, this is one of the first time their stocks had such a large dip in price. The rebound period will take a while given the whole outlash in the market as well as how the public views Facebook as of now.
FB @ 15 min @ 118 should be defended (all bulls)FX closed last week more or less around weekly high last week before.
Essentiel for all bulls is, at least, in my opinion, the 118 price area (based on 15 min chart), `cause around 118 the upside confirmed at start of last week - and even turned around back to above 120. Last weeks low (117.65) and the end of price channel start (116.95) could be good backup long entries also, next week, if FB comes under pressure. But from the techniacl point of view, nothing is speaking for a price pressure next week - even until 115.07 (last week before low). Why i am pretty slightly optimistic by FB prices above 118, for the next few days (around christmas & year end/start). 121.68 & 122.10 are the prices to beat at first and let left behind to get a constructive bullish upside trend, `cause 2 swallows don`t make a summer! Even two green weeks not a bullish trend :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a analysis (for swing traders) - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
FX @ daily @ 119.25 make or break line unti end of this year `16119.25 is the make or break line, in my opinion @ until end of thuis year 2016
Why?
`Cause prices above 119.25 are completing and confirming the w-trend-reversal-wave - under the gap (last 25 trading days). Support lines under the make or break line by around 119.25 are 115.22 & 114.00 price are, which both are even manifesting the w-wave! Independently, if the make or break line more or less by 119.25 holds next week, much more importnat is that until the end of year traders don`t trade under 113.55. Because at prices above 113.55 (and 114 & much more 115.22) it should only be a quest of time when the traders are buying/selling this share above 119.25 and higher again ...
122.10 is the 1st target for bulls
122.98 is the 2nd target for bulls
124.61 is the 3rd target for bulls
But recapturing the GAP of last month is the main scenario for bulls
123.28 lower edge of the GAP
126.28 upper edge of the GAP
`Cause if the bulls win back above 126.28 at least, it should only be a question of time when we trade FB share to new all-time highs - even 133.50 and higher ...
I am still neutral, `cause my last trade was squeezedOut.
Also i don`t have a good feeling, although i am liking what i am see!
How ever, if this week we`re trading above 119.25 maybe i`ll go long over next week :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron