Time to go against the grain of the general public with FacebookTime to go against the grain of the general public with Facebook #FB. I’ve been sharing my bullishness on Facebook and Metaverse on Twitter and through some of my videos. Many are focusing on Facebook through an advertising vehicle, but there is much more than what meets the eye. Just like the bullishness we shared on MSFT yesterday in trade alerts and recapping in our videos last night and this morning with the 282 targets - it was the evolution of Azure and the Mesh applications that we focused on. With Facebook, we carry the same principles of focusing on what many are not – expansion of services and areas least understood or passed to the side. I expect Facebook to expand on the Metaverse conversation and provide highlights into potential partnerships, service capabilities. Etc.
At the end of the day it matters how the markets react and not what the earning and call is all about. Nevertheless, I expect the markets to reward Facebook. There are significant comparisons of Facebook to Google and I believe that is a mistake by analysts.
In any case….
Bullish Target 1 is 216.93 to 219.92; Target 2 is 231.72 to 236.83
Bearish Target is 150.45 to 154.75
If the bottom is breached (bearish target) we would expect the price to close above 165.70 before the end of the week and back up towards 184.11.
FACEBOOK FORCAST - on the weekly chart : the price reaches a very strong support level
- on the daily chart : yestrday candle was green and today the price shows a slight rejection from underneath that could make a good wick and gives a buying opportunity
- personal opinion : we gonna have a perfect opportunity to entre as buyers due to that very strong support level that we saw previosly massive effects on the price
- best move : wait a little longer for the price to climb above the level and give us a confirmation candle
FB Potential For Bullish Bounce | 21st April 2022Price is near to the key pivot level. We can see a potential for bullish bounce from buy entry level of 198.49 which lines up with 78.6% Fibonacci retracement towards the take profit level of 212.11 which lines up with 38.2% Fibonacci retracement and 100% Fibonacci projection . Otherwise, price might break through key pivot structure and head towards the stop loss level of 190.42 which is a previous horizontal swing low support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FACEBOOK UPDATE- one the daily chart : a catastrophic day , the price made a massive dive hits the stop loss after giving us good signal of buying
- personnal opinion : the massive red candle with a big volume could be a signs that the buyers from before took their profits and a new uptrend will start
- best move : dont do anthing until the outcume of the dive becme clear
FACEBOOK forcast .- on the weekly chart : the price hits a descent support level few weeks backs and bounced off it
- on the daily chart : a slight pullback took place but a very weak one .
- on the 15 min chart : yestrday ended as a green day after the price broke the VWAP upward . even tho it went under it again, att the end of the day , it closed on it
- personal opinion : the price will resume it climb with 75% chance of breaking breaks that level .
- best move : waiting for today's green candle to appear for confirmation on an end of the pullback and BUY
Feel free to cantact me if you want me to analyse something or keep an eye on a stock/forex/crypto... and gave you daily updates about
KAVA : Daily TA : 04.18.22 (IO)Technical analysis of #KAVA 's chart and its appealing ranges . Let's take a look at some of the high-potential cryptocurrencies in the market for investment, as you can see all the supports, resistances, targets, etc. are marked on the chart. Pay special attention to the specified levels that i mentioned in the chart . I think everything is obvious in the chart , but just in case if you had any questions pls feel free to ask .
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👤 Arman Shaban : @ArmanShabanTrading
📅 04.18.2022
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FB: Conviction to the downsideFacebook has a neutral to downside pressure. Downside to the 210-200 would be the first target if the trend continues. There are many possibilities into the world of Facebook / Metaverse, but challenges ahead will be more subjective than what many believe. In any case, the main focus is the charts and not the company itself; therefore, keep an eye on that April 7th low.
Even with some upside impulse moves in this bearish market; there needs to be significant conviction in both time and price to warrant a change in the complexion of its structure.
Until chart / price action complexion changes sentiment remains the same.
META: THE SELLOUT IS NOT DONE YETSome of you've wondered what is a good spot to add couple more Facebook stocks to your portfolio. Well, here is your short overview. There is a strong trendline that has been holding for past couple years. Sometimes the price didn't even make it to that level, but with 100% consistency the trend has always bounced up from it. Currently, the plan is to wait for the bearish run to be over (with a pull-back between the 2 support zones) and then execute a buy order at around 170-175$ (wherever the trendline would be hit). Stay tuned for updates on this trade and have a great day!
"Facebook Can't Go Lower" Part 3Back in February Facebook/Meta NASDAQ:FB dropped over -20% on earnings. This was crazy for such a big profile, mega-cap company and many investors though (and said) "Facebook can't possibly go lower" and used this justification to buy right on the drop. From a technical standpoint that drop blew past support and with so many people saying "Facebook can't go lower" my trader senses told me one thing... it WILL go lower. That is why I made that line into a meme at the time.
Now, after many new lows and 68 days of trading after the dump a technical setup has formed that I actually like. I don't know the future but at this point you have a defined bullish trend of buying to key off that has pulled back to a 50% Retracement. From this price action a trader can size their position and risk accordingly. This is something that was NOT possible if someone just bought on the dump alone.
It was entirely possible that Facebook could have gone lower and lower. Fortunately and unfortunately it did not. Fortunately, as many investors are surely glad. Unfortunately, because returning to breakeven and then profit fails to leave the impression on those that jumped the trade without patience.
The Lesson here is simple: Wait for price action to provide a setup. Even if it takes months.
FB Potential For Bullish Bounce| 12th April 2022We expect a potential bullish bounce from buy entry level of 215.39 in line with 78.60% Fibonacci projection and 38.2% Fibonacci retracement towards the take profit level of 235.59 in line with 78.6% Fibonacci retracement . Our bullish bias is supported by the stochastic indicator where price is trading at support level .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FB BearishI love the evolution of Facebook / Meta as we've been experiencing the Metaverse at the Firm; tremendous opportunities for people there. However, this is the markets and I'm focused on 'what I see on the charts' versus 'how I feel about a stock or news'; therefore, I will point out that I remain bearish on FB.
FB is below the 200 day and 50 day moving averages, which is never a good sign, and today we see the NASDAQ-100 gap down to its 50-day area. The Communications sector is just off the 50-day, while the biggest impacts to the sector itself have been #GOOGL and #NFLX (at least taking into account todays action.
Market conditions are not idea and personally I think the march lows will be tested soon -- that is not to say we won't have any upward impulse moves for day trading opportunities. Overall, my sentiment is neutral to bearish on #AMD based on the current complexion of the overall markets, the semiconductor index, and technical conditions.
I'd want to see FB hold the $221.41 (it's okay if price breaches below a bit), but you don't want to see that become a resistance levels. That could very much put the area between $209 - $211 on notice in the coming days.