This company has a strong fundamentals with growth in the last 4+ years. It currently has no debt. It is slightly undervalued.
From technical point of view, the next buy zone should be around 150-155 according to the long-term trendline.
Stock tends to consolidate for weeks and months after a huge move. I think that will apply to FB in the near future.
After a strong move up from 255 to 330 (30%) back in March-April 2021, it recently has retraced back to around 300.
I think we will see a lot of bouncing around between the major levels of 300, 315 and 330 before the next run up, potentially later...
It looks like investors will have another chance to buy FB since Jan 15 and Jan 29. I have 2 major zones marked in the chart.
Zone 1: 253 -258 (previous demand zone from Jan 29)
Zone 2: 235 -245 ( Gap from July 2020)
Today, the market suddenly dropped in the morning and recovered. The candlestick on the QQQ today is very similar to the one back on Sept 2, 2020.
In terms of location, they are similar as well where QQQ makes all-time high on that day.
Of course, we know what happened after the Sept 2, 2020.
Just something interesting to think about heading into the next few days.
I just noticed this range bound movement in MSFT this weekend.
It has been in this range since early July last year.
The top and bottom trendline is slightly sloping up, which is good.
the next entry point for long is probably at around 215-217 or so. That depends on earnings on Tuesday of course.
Looking at the long-term trend line and channel, it seems like a good buying opportunity for FB around 235-250.
Also there is a possible gap fill from July-August.
I am looking to watch out for a possible buy next week for my portfolio.
Looking at the daily and 4-hour chart on CRM, it looks like a possible cup pattern forming with the base at around 220. It could start moving up in the upcoming weeks.
Possible long-term buy right now around 220-222 with stop loss around 200-210.
I was checking out the market cycle chart (See link), it looks like SPY might have just reached the state of complacency, which is the lower high off the Euphoria state back in August. Of course the SPY can still keep going up.
It is just something to keep in mind.
If that's the case, it is quite interesting to see the entire market cycle in the year of 2020.