Facebook an its way to all-time high. With moving averages showing a clear upward trend, and price seems to have bounced of that EMA55 line, there seems not much that could stop it to reach and maybe surpass ATH.
The barrage of negative news flow seems endless, but damage to the stock is limited.
Along with NfLX, FB still has to put in a new high
Facebook has a massive cash hoard, a moat when it comes to competition and it is election year.
We await the breakout
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...
Hello traders, this is my current analysis on FB stock.
I will be waiting for the next course next week and if the market bounced off resistance and reached the support number 3 again, I would definitely consider entering LONG.
Here I will show you a method to calculate the intrinsic value of a stock. It is based in the idea of how much money can you squeeze out of a company in the future and bringing that amount to present value.
The first step is to find a company which is stable, that has a somewhat linear stable growth rate.
It is preferred that the debt to equity to be less than...
Potential short term pairs trade. The following is a ratio/relative chart an equally weighted basket of (UBER+LYFT+PINS+WORK) vs (FB+AMZN+NFLX+GOOGL)
- base breakout
- 8/21 EMA cleared
- Previously a bearish regime, now a bullish regime developing as per the RSI (see upper panel)
Long the first group vs Short the second group on a relative basis.