Meta Platforms Inc Class A
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Uptrend in FBFB formed a double Bottom from 11/18 to 02/19 which was confirmed by the succesful breakout on 14 january. Fueled by the earnings Reports on 30 january FB had a big upside gap. Now we have breakout of the consolidation and so we have further updside potential.
Profit Target 215$, Stop loss 165$
2:1 reward : risk ratio
facebook I am bullish on the counter till its holding 115, sl fir me is 115 while upside i see upto 160 zones
FB - Beyond GannRare setup of Gann box with speed resistance angles, Fibonacci price extension and time-zones based on last up move. These trend-lines are very powerful to scalp.
Facebook Valuation PressureThe Company has gone its worst quarter in PR disaster but it is still a mainstream advertising platform because if you run an an ecommerce business you know the impact of facebook, instagram and whatsapp! - All owned by this giant.
Expecting a sharp appreciation.
FACEBOOK - Still in positive trend - short and long term view.Facebook is a stock with strong fundamentals and zero debt. Irrespective of some bad news recently, the stock still rallies in the upward trend.
I have seen the weekly chart which shows since 2013 the stock is on the upward trend and moving above the 100 EMA consistently.
The chart respects the strong support pink line and on july 2017 it broke the green resistance line.
During nov 2016 it retraced to 38.2% and in march 2018 it retraced 50%. In these cases, it respected the strong support line.
1] The retracement may take a support at the green line and bounce back from the 180 level.
2] Incase, it breaks the green line and falls down it could respect the strong support of pink line and then bounce back.
3] IF it breaks the pink line of support then big reversal could take place. Mark 160-155 final stop loss.
MACD is positive above the zero line and bullish crossover is maintained.
The fall can't be predicted. Overall, it's a long trend and with good opportunity to buy shares at a discounted price. Good time to buy when bounces back from green line or pink line.
Keep a watch on this stock.
FacebookAfter data privacy issues, Facebook had a tough time. This may impact on the stock price. Hence, stock is expected to fall up to $192.
Any price fall below $192 will take the stock upto $167.
facebook buythere clear support from 127 extension,buy with book with soploss 140 and tekep profit 164.20
Facebook poised for a technical pullbackFacebook (FB) is poised for a technical pullback. A failure swing is observed. RSI is seen marking a higher bottom and is inching upwards. A technical pullback up to 180 cannot be ruled out.
