The Hourly View for FB
Last Updated February 19, 2021, 12:47 GMT
At the time of this writing, FB’s price is down $-4.31 (-1.58%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on FB. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Facebook Inc Daily Price Recap
Facebook Inc closed yesterday down 1.53% ($4.18); this denotes the 2nd day in a row a decrease has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 19.48% from the day prior, and up 15.02% from the same day the week before. The daily price chart of Facebook Inc below illustrates.
Facebook Inc Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Facebook Inc crossed below its 20, 50 and 100 day moving averages yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about FB:
$FB /-!On January 31 & February 1 CHECK MY TIME LINE on ST I posted this SAME message about INKW & how it was being shorted 60% daily ( I gave the link ) and that they were selling out and had demands and were going to get deals it was a no brainers. It was at 0.01 when I started posted on EVERY platform ( ST YT REDDIT IG FB YAHOO etc..) between February 2 & 4 they got Kambucha deal it went to 0.135 that’s 13X and now at 0.07. doesn’t matter if its 10$ to 130$ or 0.01 to 0.13 13x is 13x. GTEH is the SAME THING. COPY PASTE MESSAGE BELLOW :
GTEH IS Shorted 56% otcshortreport.com/company/… they are selling out ITEMS and will get deals get in now cheap. Hedge funds work together if you watch the hearing today.now/ lets work together also.100$ can be 1300$ you don’t have to break the bank but break the hedge fund bank. Buy hold SPREAD THE WORD COPY PASTE ON ALL PLATFORM EVERYDAY EVERY 5 MIN NOT TO GET MUTE ON ALL BOARDS DIFFERENTS STOCKS.