Last week's Facebook's earnings results sent the price up to test the top of a trading channel near 130$ This earnings setup that Elite Zone members already gained from can signal perhaps the end of the current rally. The resistance found near 128-130$ and the bearish reaction following good earnings report may be a sign that $FB can no longer surprise Investors...
I went short FB today after witneseeing an extreme in sentiment, with lack of follow through after earnings. I like specially how it closed today, and expect to see rapid downside next week. If not short, enter at next week's open, risking a move above 128.33. We can see that price has traced an uptrending linear regression channel if we anchor the start and end...
FACEBOOK'S DAYS R NUMBERED. Even thought it may well make some weak new high but probably not that high from the previous high. They are at the top channel of parallel trading line. I marked them as Red and Light green. But also I drew a solid black like which crosses the red line and creates a triangle. Once you see the triangle has been broken FB will be weak...
The FB daily shows a coil around the point of control in the 114s. A break north of the coil on weak volume, paired w/ a flat RSI, and MACD negative divergence indicate a potential reversal back into the coil. If the support in the 113s holds, the coil should then break north again. If it fails, it could result in a possible bow draw reversal of the coil, at which...
NASDAQ: FB looks as if it will dip before hitting a new high on July 27th. As for the YTD of FB the Q Earnings Report has shown that FB receives a jump. This could potentially happen after the 27th. But do not be discouraged if the stock seems to fall prior the 27th. Check it out.
Facebook for weeks now has been creating higher highs and higher lows in the strong uptrend. Being bullish on this stock we would look to get in with the bulls. Lets look at the daily time frame. Here we see a beautiful head and shoulders formation. Once it hits the neckline Price would reach around $98. Adding confluence there is also a bullish cypher...
Facebook continues to have difficulty even throughout this rally of the indexes. Weak close of this bar on Friday and we will initiate starting a short position @MaximusAnalysis Major levels to watch are 116.21 / / 118.92 / / 121.66 Also this week is the turn date based on weekly price cycles.
FB is coming near earning and last quarter FB declined going towards earnings and broke towards the upside after earnings. FB is reaching Technical short term resistance and RSI is over bought, thus I expect a temporary decline going towards earnings as it did last Q1 16". Thus far there is conflicting signals over the longer term direction.
FB SELL STOP IDEA
If $TWTR's bullish momentum continues today, the bearish pattern will be violated and $TWTR will probably continue towards 20$ to meet its 200 days MA line. Bears should focus on the pattern Bulls target - 19.5-20$ Bears Target - 16-16.5$ and 15.5$ (final target zone) *This is an example of a trading scenario that I sent to the Elite Zone members earlier this...
At the start of 2016 the PBOC began aggressively devaluing the off-shore Yuan against the USD, imo in an attempt to start the year with a competitive export:import advantage - with the aim of making 2016 a headline "come back" year for China amid the growing GDP growth and Credit bubble worries. As a result Equities across the board sold-off (-8.5% in a few...
Facebook Inc - Long to 1.618 Extension Facebook Inc has finished a corrective move on daily, now looking for a large impulse to the upside. Currently waiting for a wave 2 pullback
Why I like Short in Facebook: 1) Buyers failed to break $121 2) Yesterday we broke support at $116.57 that held since earnings release 3) relative weakness yesterday compare to $SPY 4) Great potential as we have air below this level Today, futures will open higher, so I will get short near intraday levels $116.50ish area, then $116.70ish.
Using Yen, S&P, AAPL as an indicator...
After an AB=CD pattern the price reaches a resistance level and retraces building support. An impulsive leg up breakes the resistance level and is now in a consolidation phase. I'm looking for a retrace in the 0,618 fib line area to see the price action to enter long. First target 1,27 fib extension, second target 1,4 fib, third target 1,618 fib. Risk reward ratio 5.
And take FB with you!