(Last Updated February 24, 2021)
Welcome to the news page for Facebook Inc (FB). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
A trend/countertrend situation exists on FB, in which an uptrend exists on shorter timeframes but a downtrend appears on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.
The moving averages on FB summarize its price action in an interesting way. The 100 and 200 day averages suggest a bullish trend, as they are pointing upwards, while the 20 and 50 day averages are pointing downward, suggesting a bearish trend on those timeframes. Ultimately, this suggests a bearish trend on shorter timeframes, compared to a bullish trend when observing more than 3 months of data.
The chart below illustrates.
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.
Or to view things another way, note that out of the past 10 days facebook inc’s price has gone up 6 them.
This is the 2nd hour in a row fb has seen its price head up.
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
For additional context, note that price has gone up 16 out of the past 30 days.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
It’s been a feast for bears operating on an hourly timeframe, as facebook has now gone down 4 of the past 5 hours.
This is a reversal of the price action on the previous hour, in which price moved down.
Facebook and twitter and google are running the risk that 50% of the population will seek alternatives and refuse to invest in any fund that invests in any of these three.
This is the 2nd consecutive hour facebook has seen its price head up.