Facebook is being cut from the portfolio today after breaking below range lows. The stock has been an underperformer since I bought it in the November and I am not going to wait around for it to get its act together. If we can get back over 275 and the downward trendline I will reconsider but for now the stock is a no touch. The twitter news is bad for twitter...
260 is the resistance point. Seems that every time it touches 260 it breaks out.
The recent FTC lawsuit is also more than just a potential hiccup. If the FTC gets its way, Facebook would be forced to divest itself of Instagram (purchased in 2012 for $1 billion) and WhatsApp (purchased in 2014 for $19 billion). Even though both acquisitions are tiny compared to the more than $770 billion juggernaut Facebook is today, the FTC claims Facebook got...
BABA needs back over 231 to consider going long. Over 240 can fill the gap up to 252. BABA under 211 can move lower towards 200.
Facebook has been a holding in the portfolio since late November but has been a slow moving loser. The low end of the weekly range (rectangle low 264) was tested today but price responded well. I have been looking for all-time highs but its recent performance has given me doubts. For now we just sit and wait. The company is definitely not getting the love it once...
Big bull pennant on FAANG
Sell signal on short time frame. be careful here.
If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together. Hi fellows, just one of my today daytrades: Nice entry point in supply zone. ------------------------Trade setup --------------------------- Entry: 276.90 Stop Loss: 278.92 Profit target: 271.88 Time stop:...
looking to take $TWTR if it decides to head north out of the pattern. the weekly shows old resistance levels being used as new support over the last few days. the trend is your friend!
FB $290 1/15/21 @ $250 AVG DON'T TRADE, not advice nor a suggestion :) DCJ
FACEBOOK DAILY CHART FB , Strict SL if breaks trendline , Happy Trading..!!!
$FB wait for a bounce up from weekly support @265
simple idea on what facebooks near term moves may look like
FB advanced with vigor with a 5 EW move, until recently it started a corrective ABC move, of which we are in leg C that yet to complete. It has broken the daily 267 and 200 MA of 272. Likely test 250, as major support, and the previous gap-up line. Fundamentally, it is still a great business that yet to peak in earning power but we are in a market that money...
FB @270 one of the few mega-cap laggers yet to move is likely ready to move higher based on MACD RSI and a few hints from Candles. More importantly, we are in the mega melting up stage for everything.