FB Price tested the broken trendline.
A Bearish Flag pattern is being formed on the H4 Timeframe Chart.
Potential short opportunity and the targets are shown on the chart.
Cycle Sniper Indicator is confirming the bearish continuation:
Screenshot : prnt.sc
The house of representatives has published a 450-page long report that big tech companies (specifically FAAG), are disrupting innovation.
In this post, I will be summarizing the most important points to take away from the report, and factors to consider when investing in Facebook (FB), Apple (AAPL), Amazon (AMZN), and Google (GOOG).
$FB Facebook - Not the cleanest looking Head & Shoulders and this would definitely be a risky short, but I could see this closing the gap from July 31st at $235.00 in the near term. Given the current trajectory of the 200d ema line, that would likely provide additional support at that level to prevent any further decline.
Bearish Unusual Options Activity...
Hello everyone 😃
As we can see 👀
- EMA 100 is catching Trend
- DOJI on last candle
- Bearish crossover on MACD
- Bearish Stochastic RSI
- being range between 262.2 - 271.4 ( mentioned on chart )
IT seems FB wants to break old support but there is a range zone before it !
If FB hold above support we will break triangle from top, then we will turn...
In this post, I’ll be providing an in-depth analysis of Facebook (FB), which was part of FAANG (Facebook, Amazon (AMZN), Apple (AAPL), and Google (GOOGL)), leading the stock market since the financial crash up to 2019, before it was replaced by MAGA (Microsoft (MSFT), Amazon, Google, and Apple).
I'll be exploring its business models, financials, weaknesses and...
Chart has broken its bearish trend line and it is going to be bullish but we are going to face some resistances and the price might have some struggles with those lines. after breaking the purple are, I believe it is going to be a huge bullish trend.
The NYSE FANG+ Index, which constitutes: Tesla, Nvidia, Alibaba, Baidu, Twitter, Facebook, Apple, Amazon, Netflix and Alphabet, have in my work, topped. In particular, those of which are US-born names. Some may get closer to their current ATHs than others, and others may consolidate in a B wave more than others, but overall as a general trend, many...
This is another trade taken today: Long Facebook vs Short JC DECAUX.
Facebook has lost about 20% from its august top.
Fundamentals are still strong (ROE, revenues, margin, cash flow), the management is strong as well.
I choose to hedge it with JC DECAUX, traditional advertising industry, with weakening fundamentals (debt and cash flow are bad),...
"Gap Filling" & "Head and Shoulder" in the Symmetrical triangle
1. Short term price down, but still on Up-trend
2. Most important supporting line is 262.50
3. The final psychological resistance line is 255.13
FB calls took a big hit today, possible short opportunity on the break of this bear flag to make some quick gains and get into more calls for the end of October leading up to earnings..
Calls exp 10/30 will be nice. Shorting FB down to my support at 260
Fb consolidating in this triangle waiting for the breakout and break of resistance 279.09. Break above and hold we can see a move to 290 next week. keep in mind we do have that gap down but bull momentum is strong here
Im in $290 C exp 10/23