Price on Facebook has been consolidating since 27th July after a strong bullish impulse hitting the high at 175.40.
As long as price continues to develop correctively towards 162.47 - 164.48 area, we still maintain our bullish bias on Facebook.
Fundamental key ratios on Facebook have been strong too -
1) Both revenue and net income has been increasing for the past years;
2) Net profit margin has been increasing, and is now close to 40%;
3) Both ROA and ROE has been increasing, and is now at 20.26% and 22.47% respectively.
4) Current and Quick Ratio are above 10, and
5) Debt to equity is N/A
Combining with the technical aspect on the chart, we hold a convicted interest in accumulating Facebook.
As long as price continues to develop correctively towards 162.47 - 164.48 area, we still maintain our bullish bias on Facebook.
Fundamental key ratios on Facebook have been strong too -
1) Both revenue and net income has been increasing for the past years;
2) Net profit margin has been increasing, and is now close to 40%;
3) Both ROA and ROE has been increasing, and is now at 20.26% and 22.47% respectively.
4) Current and Quick Ratio are above 10, and
5) Debt to equity is N/A
Combining with the technical aspect on the chart, we hold a convicted interest in accumulating Facebook.
Comment:
A nice breakout. Shifting stops to breakeven and can potentially ride towards 176.72 for target 1 and 183.95 for target 2.
