I love the evolution of Facebook / Meta as we've been experiencing the Metaverse at the Firm; tremendous opportunities for people there. However, this is the markets and I'm focused on 'what I see on the charts' versus 'how I feel about a stock or news'; therefore, I will point out that I remain bearish on FB.
FB is below the 200 day and 50 day moving averages, which is never a good sign, and today we see the NASDAQ-100 gap down to its 50-day area. The Communications sector is just off the 50-day, while the biggest impacts to the sector itself have been #GOOGL and #NFLX (at least taking into account todays action.
Market conditions are not idea and personally I think the march lows will be tested soon -- that is not to say we won't have any upward impulse moves for day trading opportunities. Overall, my sentiment is neutral to bearish on #AMD based on the current complexion of the overall markets, the semiconductor index, and technical conditions.
I'd want to see FB hold the $221.41 (it's okay if price breaches below a bit), but you don't want to see that become a resistance levels. That could very much put the area between $209 - $211 on notice in the coming days.
FB is below the 200 day and 50 day moving averages, which is never a good sign, and today we see the NASDAQ-100 gap down to its 50-day area. The Communications sector is just off the 50-day, while the biggest impacts to the sector itself have been #GOOGL and #NFLX (at least taking into account todays action.
Market conditions are not idea and personally I think the march lows will be tested soon -- that is not to say we won't have any upward impulse moves for day trading opportunities. Overall, my sentiment is neutral to bearish on #AMD based on the current complexion of the overall markets, the semiconductor index, and technical conditions.
I'd want to see FB hold the $221.41 (it's okay if price breaches below a bit), but you don't want to see that become a resistance levels. That could very much put the area between $209 - $211 on notice in the coming days.