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.
FB has shown some strength because of the huge amount of stock that had to be bought for the Russell reconstitution. With that out of the way, the stock can go and finally test the 19 level.
FB - has it hit the bottom yet? Over the course of last month, FB has lost about 20% in stock price, comparing to XLK (tech sector in general). In the past few days, FB stock price has stabilized and has began to trend up. MACD is in the positive territory. However, a careful analysis would suggest that the worst may not be over. (1) the volume has been...
$FB wasn't able to break through the neckline earlier this year. Since, up/down trends have started at 1 week early on, and have since created trends lasting 3-4 weeks long as of late. May was down overall, reaching what looks like could be the bottom of a recently established trend. Might be little more room for downside, but could the ensuing couple of weeks...
Insiders have been selling FB all year, while analysts have been touting the stock.
if market can firm watch for a quick snap out of this intraday downtrend. Am seeing some buyers down here and that doesn't mean we can't break lower. Above 23.35 could get some mojo.
The chart is prepared using Wolfe Waves and Fibs for entry/exit. We see a possible rally being formed from the current levels. The confluence of 0.5 and 0.618 marks our entry with stops just a few points below in the Wolfe Wave's 'Sweet spot' Price likely to go all the way to $32 region. The three intermediary Fibs are immediate take profit levels. Expect to see...
It has clearly broken the last SUPPORT and it might complete the formation of a Bull Flag or a down channel if LCL holds
This chart is more Gann study. On the far left are high and low major fans. They are followed by a high and low minor fans. . Also included are two Gann squares . On the fans, I am looking for crossings of same color and price reaction to these crossings. Also noticing a relationship between crossing of of top red fan angle and price. The the squares are for...
critical SUPPORT here will determine the fight IMHO
SUPPORT@25.00-25.15 area has been strong so let see what happens