Facebook are set to bounce or break. RSI is heavily oversold, so a temporary recovery is likely to occur soon.
Looks like FB reached double bottom, so get ready for "Long"!
What are the technicals saying coming into $FB Q3 earnings 1 HR CHART MACD is about to cross over on the 1hr from a low RSI is at 40 close to a mid range pointing up showing strength Price is attempting to push into FB existing range of $148 to $160 15 Min Chart MACD has already crossed over on the 15min chart, bouncing off previous channel and reattempting...
Going long $fb coming into earnings call, p/e ratio is at 20 Rsi in the long term severely over sold and MACD bottoming out I think FB is going to offer earnings call with good results, they have been extremely quite during the sell off. Instagram is on fire and i think one of the most used social networks atm with ad revenue starting to come in adding ontop of...
I AM EXPECTING MORE FUTURE DROP DOWN FOR FACEBOOK, thou for now there should be a moment of respite for them like, follow and comment for more
Bearish prediction for Facebook stock ahead of earnings. I think the resistance line I've marked will be tested again, followed by a bounce, and if the earnings report is good we could see the previous gap get filled. This is supported by the RSI indicator. Hit the like button if you agree.
I'm aiming for full recovery Take Profit line on this
We could se a retest of the key support line ( 169.63 ) on the daily timeframe, price has tested and bounced on a few occasions ( marked by the arrows on the chart ) if we take into account the fundamentals along with the technical analysis both point to the bulls taking over and pushing price higher. • Daily active users (DAUs) – DAUs were 1.47 billion on...
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Time to hop on the train!! Ascending Double Bottom on an Ascending Support Line.
If price > 176 buy take profit 188 stop 168.5
Around April, I predicted a large Facebook drop around this year for correlations in price. This was especially true given the #DeleteFacebook party, the Cambridge Analytica scandal, and now the increase of decentralized social networking. Facebook is likely set for a long recovery for price correlations that are aimed towards positive, but have a long ways to go...
If you a take a step back and look at the bigger picture, the uptrend is still intact. Fundamentally, the earnings weren't disastrous. I felt that physiologically, too many people piled into FB in the past few months with a very optimistic view and once they heard a droplet of bad news, they over-reacted and the stock plummeted. However, hindsight is 20/20 but...
__facebook a great fall of the giant of social networks, of course, since their current business model has been affected to a large extent, but we must remember that many people use this platform not only to facilitate and more in recent times to conduct business, and services, which facebook put the eye and possibly tomorrow put a braso is this new...
This is a textbook trade using Spectro™ M The green triangles mean that Spectro's Reversal Confirmation is triggered, so after that we just waited for the next conservative Spectro™ M alert and bough in, still no sell alert but we have the red triangles warning for a big correction or reversal so we just closed this position. So if you're thinking about...
Looking at the Facebook share price chart (see the figure above), there are literally no signs of an approaching disaster: the price at record highs and the annual growth rate approached 25%. But trouble is already knocking on the door. Yesterday after the market close, the company unveiled quarterly results. And we can’t say that they were very much a failure....