Short
trend and news analysis of facebook stock
in January , waterfall happened in facebook stock because of the pandemic , and price reached to the bottom of the long term channel
( yellow trend lines ) meanwhile the stimulus packages help market to recover the loss , a few days after the beginning of up trend , Hopes for reopening also began and help the bulls , until price reached to top of the channel and some breakout happened but the market trading with a low volume on these days and it couldn't fix above the channel ( yellow trend lines ), meanwhile this things happening on that moment the company made some mistake in its policies and some major companies stop (ban) their adds on facebook platform ( This may reduce the facebook earnings and revenue in future ) and second wave of corona start a bear trend . two scenario might happened in future :
1. price react to the green zone which is showed in picture and start a up trend or range trend for some moments ( range trend is more possible) .
2 . price breakout the support zone and head to a another support zone which is showed by red rectangle .
after all i think company are facing some major problem and it could have a direct effect on facbook stock .
( yellow trend lines ) meanwhile the stimulus packages help market to recover the loss , a few days after the beginning of up trend , Hopes for reopening also began and help the bulls , until price reached to top of the channel and some breakout happened but the market trading with a low volume on these days and it couldn't fix above the channel ( yellow trend lines ), meanwhile this things happening on that moment the company made some mistake in its policies and some major companies stop (ban) their adds on facebook platform ( This may reduce the facebook earnings and revenue in future ) and second wave of corona start a bear trend . two scenario might happened in future :
1. price react to the green zone which is showed in picture and start a up trend or range trend for some moments ( range trend is more possible) .
2 . price breakout the support zone and head to a another support zone which is showed by red rectangle .
after all i think company are facing some major problem and it could have a direct effect on facbook stock .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.