FB should push up higher tomorrow now that it's breaking out.
I picked up a bunch of NOV 22 195 calls and my stoploss is a 15min close below the hourly breakout level of 192.96. Happy trading everyone, and I hope you make a lot of money on this one!!
Facebook might break above a 60 min downtrend line at support. If it can break above it then Facebook
is likely to change trend in the short term and move higher.
Facebook was trapped under $190 for almost all of August, all of September and all of October. But it broke out of the channel thanks to strong earnings two weeks ago. Now it’s pulled back and is holding that breakout point.
FB has churned for more than a year as CEO Mark Zuckerberg deals will legal issues and pushes new services like Stories and Instagram....
Entry level on break above .5Fib level @$195.50.
Target price Golen pocket fib level $201.
Stop loss $193.
Buy signal on the MACD and Histogram.
Historical buy signal on 7&12 Ma's crossing.
This chart may indicate clear resistance and profit taking by big players.
Stop loss is clear, Profit to Stop-Loss seem pretty good!
We're in rare time i call, transformation of value between those who know what to do, to those who don't
FANG is all about growth, there is clear slowdown which indicates the end of cycle.
$FB is showing a potential bearish cypher harmonic pattern on the 1D. We are also starting to diverge bearishly on the MACD.
By the time we reach the PRZ pattern reversal zone (D) shorty entry target we should be showing 3x bearish divergence on the 1D MACD to coincide with our bearish cypher harmonic pattern
zucc in disbelief
1.FUNDUMENTAL BULLISH
(earnings mostly)
2.TECHNICALS
50 EMA OVER 100
Support of 185-189 level that was resistance before
waiting for stockastcs oversold
SL 184 TP AT 208 approximately
Make it safer by wating for the possible simultaneous bounce of 50EMA and support zone as well as oversold rating.
Facebook, Inc. is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company's products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Instagram enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends. Messenger allows communicating with people and businesses alike across a range of platforms and devices. WhatsApp Messenger is a messaging application that is used by people around the world and is available on a range of mobile platforms. Its Oculus virtual reality technology and content platform offers products that allow people to enter an interactive environment to play games, consume content and connect with others.
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