Daily chart forming ascending triangle (BULLISH triangle) and it's all most ready for big movement. Need few more days for confirmation. 31 MA is the main support. Most indicators are bullish.
8-15 What's it going to be? A double top in the making or a bear channel break to the downside. IF it breaks the bear channel to the downside that is all you need to know. Keep it simple. A downside break would be a C wave lower of an ABC pullback off highs to? Gosh support? For informational and educational purposes only. These are not recommendations, Trade...
Price has been trading within a bullish uptrend channel, from July 2013 to the present. The horizontal support levels within the channel are 45.00, 53.50 and 71.60. We note that Price has found support at 71.60 and is looking to trade higher. We also observe a somewhat fuzzy Elliott Wave Pattern forming, between May 2014 up till now. We project that the price is...
Not only numbers is attractive but also the chart. When both agree on company's future outlook, hard to resist to stay sideline and wait correction to happen in order to enter your long waited trade. In most cases, we are right about FB and so far all trades were profitable by simply using a few signals. Very strong level to watch now is $78.56 area where some...
FB is not my favorite share. Fundamentally I do not understand its value. Totally not. Then the late IPO, tons of pre IPO VC investments, employees loaded with shares. A lot looking for profitable exits. So this should be a share, that could be hit hard when the tide will go. But maybe not yet. The patterns: the inner structure of the wave show a nice likelihood...
Given how Google's stock reacted after its earning, I'm getting very bullish on FB. People's willingness to pile in after the ER indicates that the risk taking crowd is back. Let's hope it doesn't run past 70 before ER, so it has more room to run after the ER. If it gets too crazy before Wednesday, then I would probably trim back a little. Again, a surprisingly...
Current price presents a relatively low risk entry point to Facebook and a potentially high returns over the coming days. Will we finally break out of the green trend line that Facebook been trading on for the past 3 months? Stop loss: 63.83 Open: 66.97 Target: 82.32+
A projection for FB movement during July 2014. Strong expectations for Q2 Earnings are likely to catalyst a positive movement that would push FB to $72.50 . So far the recovery of FB has been smoothly following Fib Retracement with clear support and resist levels. Extremely low VIX levels and record high Index levels make the markets really vulnerable to any...
If my wave count is correct, then $FB should start another phase of decline.
It's not exactly breaking-news that Twitter tumbled shortly after it's IPO. Today's close brings the stock a smidgen below its near-IPO low of 38.80 , just before the euphoria of.... absolutely nothing set in and shot the stock to an all time nominal high of 74.73 proving to be nothing more than some kick-ass fuel for fire. TWTR closed the day just below the...
Bullish expansion on Bollinger Band, VStop, MACD shows a buy signal. MA Cross about to happen... and with the World Cups & increased social media usage, you really can't go wrong. I'd put a price target of $70 and I would expect to see it in July. --== UPDATE 7th July 2014 ==-- More or less it's continuing along the trendline that I drew. Looks to be on target...
Could Facebook stock drop to $50??? It might be too early to tell, but if price action doesn't make a new swing high above C leg, then this pattern may have high probably of completing. Bearish divergence on the RSI extending from July 13'. A GrandSuper Cycle wave 3 confirming the down trend which peaked at price $72.73. $FB is now showing signs of a bullish...
There's a clear H&S forming on the 30min and I'll be building up shorts in the sell zone as I see signs of rejection and volume spikes on the 5 min. Retail shorts are now stopped out and some have even gone long on the breakout. Big boys are now fully loaded with shorts and are ready to take it down into liquidity next week!
After making a $10 run from its' April low, FB formed a flagging consolidation pattern. Today FB has broken above that consolidation pattern with conviction to start its' next run up. Look for FB to test resistance at the 67-68 area. If that doesn't hold then FB can easily test its' ATH
Credit to Greg Harmon for putting this on my radar. Diving into the price action, Facebook's 2 month sideways grind may be coming to an end as price hugs channel resistance in a bullish cup and handle formation. Respecting fractal behavior, the pullback/consolidation touched down exactly on the 61.8% fib measured from last November's swing low to the March highs....
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I posted a case on the daily taking some liberty with the possibility of a symmetric triangle -- I determine a bullish case due to MACD/RSI/OBV suggesting a positive divergence with respect to price. In this case, I with a descending triangle, I see a channel that is forming in a possible uptrend with significant fib resistances.