FDNYret

Weekly Doji for Facebook should affect next two weeks trading

Singkat
NASDAQ:META   Meta Platforms
If you look at the weekly chart for FB, you'll notice that the weekly Doji's on 12/22/14, 3/23/15 and 4/20/15 all made lows three weeks after the Doji week. On the Doji 2 weeks ago on 5/18/15, Fb was lower the next week, it should be lower the following 2 weeks also imho. The average drop for the 3 previous Doji weeks was $4.97 from the Doji close to he low three weeks later. You'll notice that Chaikin money flow has also dropped on the weekly chart. A daily chart shows a sell using the stochastic indicator and also the Directional Movement Indicator shows FB is in a downtrend. Fb has been weak lately, unable to hold above its 50 day moving average and fell below the 200 day moving average briefly. I expect another test of the 200 DMA this week or next and a close below it. Last quarter revenue was sequentially lower than the quarter before and in the January conference call, the company said to expect revenue to decline 5% this year due to expenses and the rising dollar. I'm short Fb with June puts. I expect Fb to decline to 75.51 by June 12.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.