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(Overall Market Sentiment) 🤷♂️ Neutral
- 3day Chart
- Green Engulfing Candle
- 3/3 EMA DOTS Green
Facebook is sitting on a key level of Resistance but has not shifted on any indicators yet for the 3 day. Let it play out the rest of the...
As our last Facebook stock analysis said, this stock is in a growth path. Investing in Facebook is still a good choice for the long term.
Each time the stock breaks or touches the support it takes an increasing trend, for both long and short terms
As the last analysis of Facebook stock, it will continue its growth. The pitchforks graph shows that After each spring (They are mentioned in the graph), the stock increase.
Currently, we have a new spring, so we predict an increasing trend for the next days.
for short terms and also long terms, Facebook is still to buy.
Short term Elliott Wave view on Facebook (ticker: FB) suggests the rally to 193. ended wave ((X)). The stock has resumed lower within wave ((Y)) which is unfolding as a zigzag Elliott Wave structure. Down from 193.1, wave (A) of the zigzag ended at 173.09. Internal subdivision of wave (A) unfolded as 5 waves where wave 1 ended at 188.12, and wave 2 bounce ended at...
just notice double top RSI at 60 on monthly RSI.
after a nice bounce off 40, bull market RSI support, its now hit 60, formed a double top, or potential bear market RSI resistance.
Price action looks like complete ass.
Looks like a confirmed double top as well.
Looks like southern cross evening candlestick pattern as well on most recent swing...
Reading some of our Spectro M and considering some of bad press FB is getting due to shady partnerships with government entities for content censorship and monitoring I'd bet on a bearish short-term call.
The Volume Analyzer, the color under the candles just went red, it's on precision mode so it's pretty fast and reactive.
We just had a Spectro M...
As you can see from our chart the Facebook has been testing and respecting our trend line and using it as resistance for months, just recently it has broken this trend line and has come back down and is now using it as support.
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Take a look at our charts, we called the Facebook long, as soon as we called it we had 2 days of bullish movement.
Hours and hours of reading reports, earnings and news pays off, this is what we do for our clients.
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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...
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...
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...