Has 55dema and 50 day support at bottom of channel. Could see low 30's before any chance of rejection.
Snapchat had a strong pump to the $17 mark which was rejected, the market is indecisive and should follow with another pullback soon! There is some resistance (shown with the blue lines) I'm expecting a break within the next couple of days where we will revisit.. we should fall back into that lower channel! I have a 5/8 $15 buy puts, good luck!
#Facebook just broke both $181.23 and 50SMA and approaching to the resistances zone…
Looks like volume is picking up and #pinterest is going to make up the gap loss from November 1st. There was news that Pinterest passed Snapchat as number 3rd biggest Social Media App . I think it has the potential to go on a bullish run with my target being in the $30-35 range.
Pinterest has been making news this year. First, eMarketer said it surpassed Snap as the third-biggest social-media platform in the U.S. The second headline was a strong earnings report on February 6, featuring beats on the top- and bottom lines. PINS gapped higher on the results and then pulled back -- as you might expect. But then it kept sliding on the...
Square rallied hard after filling a price gap a few weeks ago. Now Jack Dorsey's other company, Twitter , is doing the same thing. Strong quarterly results on February 6 sent TWTR ripping on heavy volume. In a nutshell, better user monetization and engagement restored confidence in the social-media platform's business over the long term. The stock has...
Facebook gapped lower on a poor earnings report two weeks ago. It's staggered there since as the rest of the market rebounded, and now the technicals may be pointing lower. The first big pattern is a potential bearish flag following the January 30 drop. The direction of movement was lower, so a continuation pattern like a bear flag could point toward another leg...
Facebook dropped sharply on Thursday after quarterly results raised questions about its longer-term growth story. Sure, the backward looking numbers weren't bad. But looking forward, newer offerings like Instagram don't seem to be catching fire. The "big blue app," with its slow-growing and ageing user base, isn't really thrilling investors. This stands in...
Zynga is a classic growth stock with a textbook cup and handle pattern. The social and mobile videogame stock doubled between late 2018 and the summer of 2019. It then paused and consolidated. Its August low of $5.51 was the cup. The following low of $5.63 in October represented the handle. ZNGA soon entered a tight channel and moved sideways, followed by a...
High probability trade with a High Performance, after a GAP in October, twitter it's reaching higher highs and higher lows
Facebook has been trading within a 1W Channel Up (RSI = 69.832, MACD = 8.020, ADX = 41.061, Highs/Lows = 15.2786) since early February 2019. Right now the price is only a fraction below the pattern's Higher High trend line which is typically an early bearish signal. On top of that both the MACD and RSI indicators on the 1D chart have reached their respective...
facebook inside days , with a break of 210 we can see 220
Snapchat inside a ascending triangle, close above $16 = $17 61.8 and 76.8 fib need to be touched. $SNAP EOY 2019, break-out incoming? $SNAP EOY 2019, break-out incoming? ____ $SNAP Q4 earnings 3 beats out of last 4 volatile day 100% beat = +$20 Not financial advice
As much as I like the twitter platform, one has to admit this social media is plagued with bots, scammers, fake news and censorship. On top of that, the CEO Jack really lack focus on this company, as he spend much of his time on SQUARE and/or living in Africa or promoting shit like cashapp and BTC. So, I'm starting to see a pattern here that is short term...
Inconsistent Earnings streak plus high newsdriven volatility and unclear trading range means investors are looking for a more defined trend. I expect the 200-day to provide further support and challenge $210 by EoY. Crowded space, but where else can an advertiser go other than FB plus the rest?