QuantitativeExhaustion
Short

Facebook Troubled Snafu

NASDAQ:FB   FACEBOOK INC
284 4 4
4 months ago
Facebook             has less than 90 days to respond to IRS             demands for all asset allocations from Facebook             US to Facebook             Ireland from 2010 to present day. Oct             . 27 is the deadline the IRS             has given Facebook             , which is same week FB             will report earnings. The cost associated with assets moved could cost FB             5 billion $ in tax liabilities. FB             is sure to appeal if they are ordered to pay $5 billion in tax liabilities, but legal cost will go up tremendously as the IRS             wages wars against the largest companies avoiding paying Uncle Sam             .

If the IRS             waged war against Facebook             is not enough, Snapchat suing Facebook-Instagram is even a bigger story. Facebook             is doing everything Snapchat is doing, because Facebook             is losing its edge against Snapchat. Time spent on Facebook             continues to go down, which is a problem for advertisers / FB             investors.

Lastly, Twitter is launching it's own Twitter Live video streaming. Twitter has notched many significant sports broadcasting rights, some of which FB             outbid TWTR             , but the networks and leagues (NFL) took Twitter's low bid. Twitter Live could actually save TWTR             stock in upcoming months (next year) and many of Facebook-Snapchat followers will quickly move to Twitter's premium live streaming content, this will be negative factor for the future of Facebook             .

Chart

From the chart I took the low from 2012 to the recent high post 2nd quarter earnings 2015 and used a simple method of .50 h/l to show where important support-resistance are held. You can also find similar price points are where pre-earnings daily closes are also where the .50 h/l levels are located.

I expect the IRS             news will impact next quarter earnings as well as Snapchats snafu with Facebook             stealing it's image. My predicted price is $100 area. 20% loss, several weeks post Q3 earnings October 28.
4 months ago
Comment: My predicted price is $100 area. 20% loss, several weeks post Q3 earnings October 28. However, believe a larger move to $86.3, 32.8% loss is with in reach. More than likely the latter if we find out about Snapchat pursuing legal actions vs Facebook in the 3Q results.
3 months ago
Trade active
snapshot

Important Area
Will be watching 128 high. If a break above, will be revising outlook. If price stays near high, but not breaching, I will look for a larger move lower. Highlighted are important area support/resistance levels.
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QuantitativeExhaustion PRO QuantitativeExhaustion
4 months ago
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Comparing Nasdaq 100 index vs Facebook
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QuantitativeExhaustion PRO QuantitativeExhaustion
4 months ago
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Fibonacci comparison
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