The sharp rejection of the October highs is attempting to stabilise above USD113.00.
Consolidation is highlighted in the coming week or so, but the fall in momentum studies and deterioration in sentiment are likely to keep prices under pressure into the beginning of 2017Q1.
Also, from a relative perspective, Facebook is also underperforming the US Technology...
Next week we`ll see what happens ?!
The Chart is speaking for itselfs - my long position also ...
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
> 126.24 & 124.62 bearish character
around 119 traders are creating something like a trend-reversal formation "shoulder-head-shoulder"
under 119 until 113 market participants created an "reversal shoulder-head-shoulder"
above 119 even until 124.62 is the trading zon of both "shoulders"
positiv is the fact that we created this week something like a...
The A/R lines catching the price movement on the up and downside (green rectangles).
After the last zoom through the CL, price stopped at the A/R & L-MLH.
From here I hunt a long signal with options, for example with a RiskReversal or just simple naked puts.
P!
The price action has hit the long-term trend, giving us 2 possible scenarios:
Blue path: The price bounces at the long-term trend and continues to go high in a 1:3 win ratio.
Red path: Less likely given the past performances of FB, the price would break the support at ~114 and will continue to go low. No SHORT entry recommended in this case given the...
$FB is currently in a post earnings dip (a good thing). This is what is needed in order to reset the stock to afford us another buying opportunity. As you can see, the stock has made a habit of dipping around 10% for around 70 days before the breakout occurs. If this holds true, the best buying opportunity comes in around day 50-55. This would set the stock in the...
The bearish harmonic pattern you see reached both of its target zones.
The price now holds the 50 days support line as FB prepares for earnings.
Expectations are for a great earnings report... with such high expectations the potential disappointment is also pretty high.
Bulls - MA line should hold as support and if that will be the case FB should make its way...
Shares of Facebook Inc (NASDAQ:FB) are collapsing. Investors who thought the company was invincible were wrong. While earnings were solid, guidance was definitely on the weak side. Considering every fund, investor and milk man was holding shares, there will be a lot of shocked sellers. If there is one lesson here, it is to never hold a stock that has gone straight...
Technically Speaking
The two levels I am watching is the 110 level and the 90 level. If it does break the 110 level, panic might set in and we may see 90 very quickly.
What to do?
Even though Facebook crushed earnings, they lowered expectations on mobile ad growth. Often, it is not how well a company does, in the absolute sense, but how well they do...
Technically Speaking
The two levels I am watching is the 110 level and the 90 level. If it does break the 110 level, panic might set in and we may see 90 very quickly.
What to do?
Even though facebook crushed earnings, they lowered expectations on mobile ad growth. Often, it is not how well a company does, in the absolute sense, but how well they do relative...
