Facebook Inc. (FB/NASD): general review
30 January 2019, 11:51
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 150.00 |
| Take Profit | 157.00, 165.00, 170.00 |
| Stop Loss | 147.65, 143.00 |
| Key Levels | 128.00, 135.00, 142.00, 150.00, 160.00, 168.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 142.00 |
| Take Profit | 130.00, 124.00 |
| Stop Loss | 149.00 |
| Key Levels | 128.00, 135.00, 142.00, 150.00, 160.00, 168.00 |
Current trend
Facebook shares strengthened by 17% from a 52-week low of December 24, updating the monthly maximum on January 18. The company will report on 4Q2018 today, after the closing of the market. The Wall Street expects a 26% (YoY) increase in revenue to USD 16.4 billion with earnings per share up 51% (YoY) to USD 2.18. Earlier, the company announced plans to integrate Facebook Messenger, Instagram, and WhatsApp.
During the previous week, Facebook shares dropped by 2.29%. S&P500 went up by 0.30% within the same period.
Support and resistance
The emitter is in the side movement. The technical picture is uncertain. At the moment, #FB quotes are testing the “mirror” support level of 142.00. 150.00 is the nearest resistance level. The instrument has the potential to further correction after a prolonged fall.
Indicators don't give a clear signal: the price has consolidated below MA(50) and MA(200); MACD histogram is in the negative zone. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #FB shares are undervalued.
Support levels: 142.00, 135.00, 128.00.
Resistance levels: 150.00, 160.00, 168.00.
Trading tips
If the price consolidates above the resistance level of 150.00, one should expect the company's shares to grow. Potential profits should be locked in by orders at 157.00, 165.00, and 170.00. Stop loss – 143.00.
If the instrument consolidates below the support level of 142.00, one may consider selling #FB. The moving potential is aimed at the area of 130.00-124.00. Stop loss – 149.00.
Implementation period: 3 days.
Facebook shares strengthened by 17% from a 52-week low of December 24, updating the monthly maximum on January 18. The company will report on 4Q2018 today, after the closing of the market. The Wall Street expects a 26% (YoY) increase in revenue to USD 16.4 billion with earnings per share up 51% (YoY) to USD 2.18. Earlier, the company announced plans to integrate Facebook Messenger, Instagram, and WhatsApp.
During the previous week, Facebook shares dropped by 2.29%. S&P500 went up by 0.30% within the same period.
Support and resistance
The emitter is in the side movement. The technical picture is uncertain. At the moment, #FB quotes are testing the “mirror” support level of 142.00. 150.00 is the nearest resistance level. The instrument has the potential to further correction after a prolonged fall.
Indicators don't give a clear signal: the price has consolidated below MA(50) and MA(200); MACD histogram is in the negative zone. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #FB shares are undervalued.
Support levels: 142.00, 135.00, 128.00.
Resistance levels: 150.00, 160.00, 168.00.
Trading tips
If the price consolidates above the resistance level of 150.00, one should expect the company's shares to grow. Potential profits should be locked in by orders at 157.00, 165.00, and 170.00. Stop loss – 143.00.
If the instrument consolidates below the support level of 142.00, one may consider selling #FB. The moving potential is aimed at the area of 130.00-124.00. Stop loss – 149.00.
Implementation period: 3 days.
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