Setup for FB Facebook with clones based on price action and Fibonacci Retracement. Stop loss is 38.55, entry at 40.23, target approximately at 44.20. I forgot to tweak the perpendicular lines, so I will post below, on the comment section.
FB is consolidating before another move on the upside. The gab is filled and the pattern that was starring at me for so long ( and I was ingoring it) is promising a large move on the upside. I do expect re-test of the support line at leg A ( forming also a double top) before heading to a higher high and of course the PRZ. I did not use any indicators or...
Next week, we are expecting price to break wl-3 and a dash towards wl-4 mimicking movement comparative and similar to this week. Facebook is firmly in a uptrend and the infancy of it as well. For those who have longed early in the week, it is good time to move your stops to break-even. For those who missed the boat, next week will present a good opportunity...
In the next few days we can see a change of trend. If we take a look to the chart, we can see a clear bearish chart signal for the next few days: Shoulder-Head-Shoulder. Price nees to consolidate and as we can see right now it is overpriced because bullish forces can't push more than 38$ at this moment, that means that if people consider that prices as an...
Once the market is structured properly, we see how prices conform and respect the lines. The red lines give me a cross-section of the market to see how price will stagger upwards but within this blue channel. Price behaves textbook manner and here we can see how market structure embodies greed, fear, news and sentiments. We can expect price to oscillate in...
I am short on this one from around 35 and was waiting a retarcement around 31.....i still expect that retracement to close my short and go long since the weekly chart shows a clear break out targeting 45....for now i expect a pullback due to technicals
Price broke wl-2 as it begins renewed its previous association with the Upper Band and moved back to familiar territory. Price will possibly remain trapped in this Upper Band for a while..weeks or months until we see signs of breaking away from the Upper Band. Now price will head toward wl-3. It may ziggedy zag in the Upper Band and touch the ML but frequency...
Target on Chart. *Sorry for the typo in the title. I meant to put pair trade not carry trade.*
You can see how news conformed to the market structure as price gaps up nicely to the newly formed median line (ML). This beautifully describes the price as it is forming the beginning of a new trend into the Upper Band and also joining the old frequency band if you look at the previous Upper Band sometime before mid April 2013. With the strong gap up and...
Earnings and estimates:) Beside a crossover MA200-MA50 and a slightly, tiny consolidation for 2-3 days no other signs that a powerful move was about to come. Even the weekly chart is no showing ( maybe I do not see it) anything exciting. Three resistance levels are overpowered in one move- yay, 3 down- 1 to go.I think it is going to be filled the gab and after...
Since Facebook's IPO there have been times it has been a great pair trade with GOOG, up and down. After the most recent earnings report from both companies could that trade be here again? After GOOG was unable to generate revenue from mobile ads and FB generated surprising revenue from mobile, will this be the catalyst for the rotation to happen once again? Long...
FB broke out of the weekly downtrend line a couple days ago........b/o on earnings this morning.....watch to see if it holds gap.....still bullish overall w/ 1st target of 34
FB is looking bullish right now. Currently, it is in the bullish channel moving up to short term target of $28-$29. Note that this up trend is supported by EMA 5. Expect strong resistances at $28 and at $29. Bullish for now. Disclosure: I am long FB.
After a period of bearish trend, it has found the bottom around $23 range. After a period of consolidation around $23.50-$25 range, it is on its way back up. The MACD is looking bullish. I expect it to rebound to the $27-$28 range to retest the key resistance level there. If rejected, I expect that to additional downtrend. MACD at 0.4 is the key.
Here is an overview of what FB has done over its life. It has formed a near perfect symetrical triangle and currently is near the upper resistance area. There was a strong support/resistance point around 25.15 and it just broke out of its short-term trading range which also ended above the 25.15 resistance line. I feel like something BIG is about to happen. Happy trading.