Facebook has all the classifications of a Primed Traders sell signal... a contraction leading to a key DC resistance supported by a over-bought RSI.
All the necessary details are in the chart. The trade has been executed on our Shares only account:
- 50 shares sold at 208.14 price
We will update as price moves,
Bearish prediction for Facebook stock ahead of earnings. I think the resistance line I've marked will be tested again, followed by a bounce, and if the earnings report is good we could see the previous gap get filled. This is supported by the RSI indicator.
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Facebook has mixed indicators but is looking predominantly bearish for now.
I'm not taking a position on this but will watch to see if it gap fills on the way down and then back up.
Facebook have been looking into cryptocurrency and one of their employees has left the board of Coinbase, conflict of interest perhaps?
Wait and see for me.
After major dip I will expect a bit more bearish momentum after for a few days/week before the bulls come back in full mode
Looking to enter a LONG position at $367-$371.
the dip went to the 61.8% fibs spot on and closed above but last friday's candle makes me believe that we might not hold here but looking with interest for a possible further dip.
After a huge dip I think we will hit support where resistance was, I'm looking at the $340 level for a possible entry.
Content is always important and Netflix is ahead of any bigger players that might come along so therefore I'm bullish long term but short term it will go further down a little more.
Last daily candle was very bearish so we either retest the lows...
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 195.00
• Take Profit Level: 200.00 (500 pips)
If the price...
Facebook is still bullish. Buy the dip. Accounts still active, adverts still being shown. money still flowing in for facebook. Dip wont last long. Daily bullish respecting the trend line. Could see a rally after bank holiday has finished. Tp a modest double top but will probably trail profit depending on how the market moves.
FB closes (179.40) near established support (175.94) after a sharp dip due to negative reaction to its algorithm change to promote Zuckerberg's new safety and healthiness over profitability mantra.
Prior to that, Bollinger band signal shows a bullish expansion; diverging bands, price action follows the upper band, price above the 20 day MA.
The Bollinger band...
Ok there seems to be a lot happening to back up a short.
Previous support acting as resistance pushing down on price
This setup has occurred several times in the past and every time it falls around 15% this would take us to the major trend line and 78.6% fibs.
All in all this is looking like a good setup, wait for...
10SMA - Entry point
50SMA - Check trend (If price under 50SMA(Bearish trend) , if above 50SMA(Bullish trend and we looking for buy)
TRADER DINAMIC INDEX (Green/Red) - Check entry/exit point as well
In a chart price is above 50SMA, so we looking for buy signals
TRADER DINAMIC INDEX red line cross green line from...
No real change in the Facebook monthly charts, as prices continue to consolidate the sharp fall from the October highs.
One interesting development, however, is the deterioration in price action relative to the S&P500 Index. If this deterioration continues, asset managers will likely be forced to reduce Facebook exposure, and move into more compelling names.