Facebook ( NASDAQ:FB ) is evoluting in a long term bullish trend, but currently it is consolidating between 126.70 and 131$. On that situation, a short position is definitely to ban. But is today the right moment to initiate a long position ? The support à 126.70$ corresponds to 0.5 retracement of the last upper move (end Aug - beg Sept), it is not enough. It...
I think that FACEBOOK is going to cross up 132 USD and begin a new pattern... maybe a new Triangle :) and it would attain 137 USD in the start of the new pattern... Friday October 14 or 17.
Seem a good bullish setup. Some call option contracts will be bought today.
Well Yahoo CEO Marissa Mayer is doing an OK job but the stock are doing pathetic. From Dot Com Bubble crash til now it is struggling for sure. Even though it's making lil by lil higher high like one in 2005 and other in 2014 and it this trends goes on probably we may see another high in 2023? Just Kidding. So from year 2000 high if we draw a red line we can touch...
Facebook may be setting up for end of the year fix.
Basic triangle-formation after Brexodus, `cause on the referendum the share created a temporarly low. 131.96 (2016-09-07): (d) new alltime high - after old alltime (b) before 128.31 (2016-07-28): (b) 2nd high after consolidation after complete trend-reversal-formation (while brexodus) 127.95 (2016-09-23): Friday (last trading) Closed 123.06 (2016-07-21): (c)...
I may be totally wrong but it looks like Facebook reached its top for now. There were very few corrections of short duration and no meaningful ones on the monthly since 2013. Analysts consensus is 154 target price but I doubt we see this without a good correction. Nothing goes up forever.. Cheers, Keops
132.01 alltime high until now 128.22 3rd temporary ATH this year 2016 121.12 2nd temporary ATH this year 2016 117.61 1st temporary ATH this year 2016 108.05 low while brexit - excactly on upside trendline 89.21 upside trendline - based on yearly lows 2015 & 2016 71.88 upside trendline - based on yearly lows 2015 & 2016 Use 2,3 negative trading...
There's a great opportunity to have a bullish impulse in wave 5 of (3).
FB speculative short at trendline resistance
Nice and strong company but trend has been exhausted. Ending diagonal. Minimum target at 72.
$FB rising wedge on daily. Williams %R neg divergence. POC near 109s. On 8/12 $2.7M in January '18 puts bought at full ask. Have we reached a top? Looking for a move down.
Facebook is seeing selling at 126 levels and seen two daily highs at 125.84 post earnings. There's a fair chance that earnings reaction might have been the swing high. I am going short to see a reaction as macd is near 0 and headed negative on a down day. Last price 125.26 S/l 126.11 Target 123.20 R/R 2.11
Last week's Facebook's earnings results sent the price up to test the top of a trading channel near 130$ This earnings setup that Elite Zone members already gained from can signal perhaps the end of the current rally. The resistance found near 128-130$ and the bearish reaction following good earnings report may be a sign that $FB can no longer surprise Investors...
I went short FB today after witneseeing an extreme in sentiment, with lack of follow through after earnings. I like specially how it closed today, and expect to see rapid downside next week. If not short, enter at next week's open, risking a move above 128.33. We can see that price has traced an uptrending linear regression channel if we anchor the start and end...