Technicals of Facebook (NASDAQ: FB): 27 August 2019, Tuesday

Technicals of Facebook (NASDAQ: FB):

27 August 2019, Tuesday
(Click on the Technical Chart Above to Expand)

Attached is the latest Updated Technicals on Facebook (NASDAQ: FB). As mentioned previously in my FB Wall/Page, Facebook technicals had already switched from bearishness to bullishness. We are currently on a golden dip. This dip is a BUY-ON-DIP. The green trajectory lines are impulsive (true directions) while the red trajectory lines are corrective in nature (market noise to disorientate the herd). The red circled region shows low volume resistance. The green circled region shows FB had high volume support. Collectively, the entire volume flow is bullish. Due to the entire accumulative set-up, Facebook is expected to break up $205 resistance and create historic new highs.

The Donovan Norfolk Technical Rating:
Flip to Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Updated Technicals of Facebook Inc (NASDAQ: FB): 15 September 2018, Saturday, 6.03pm Singapore Time

Updated Technicals of Facebook Inc (NASDAQ: FB): 

15 September 2018, Saturday, 6.03pm Singapore Time

(Click on Technical Chart above to Expand)

Attached is the updated Technicals for Facebook Inc (NASDAQ: FB). The 2 Red Circled Regions are my warnings since start of 2018 to get out of FB, highlighting that even Zukerberg and management had been furiously selling their FB shares at such good valuations. I also called on my followers to take all the >+700% profits off the table since following me, and to hold no FB shares. The brown circled region is where the formation/condition consisting of the 3 purple lines guarantee the breakdown of $160 to come and Facebook will slam below $150 psychological support for short-selling victory. Congratulations to everyone, and best of luck.

Donovan Norfolk Ang

Facebook (NASDAQ: FB): 28 July 2018, Saturday, 4.59pm Singapore Time

Facebook (NASDAQ: FB):
28 July 2018, Saturday, 4.59pm Singapore Time

(Click on Technical Chart above to Expand)

Attached is the Technicals for Facebook Inc (NASDAQ: FB). My previous analysis on Facebook Inc was a Buy-Analysis on Facebook at $23.561 on 19 November 2012 (refer to past verifiable track records). In 1H-2018, I kept raising the alert flag that the management of Facebook were relentlessly selling the company stocks and called for Facebook to go into sharp downtrend soon. With +742% in returns now, I judge Facebook a strong sell now: take profits of everything at +742% returns. After a decently large Bearish Wedge of Distribution, with the base of the wedge at $150.00 zone, Facebook will now target to break down the start of the distribution at $150.00. The distribution has ended and is progressing to the mark-down phase. If FB dead-cat bounces into the Red Zone within 3 weeks, it means the black hole wants to suck in more fools' monies and the market is more merciless than it is merciful.

The Donovan Norfolk Technical Rating: 
STRONG SELL 
(and do not be buying even if it dead cat bounces into the RED ZONE to suck in fools' monies)

Donovan Norfolk Ang

Facebook: 19 November 2012, Monday, 9.55pm Singapore Time

Facebook: 19 November 2012, Monday, 9.55pm Singapore Time

NASDAQ (US Market):
Facebook, FB, $FB

COLLECTION/ACCUMULATION: 

$17.75-$24.25

Stay vested if Facebook goes beyond +50% profit zone and makes the zone a support. 

Dow Profits all taken; Facebook partial profits taken

Latest Update:

Dow trailing-sells all auto triggered and profits taken at 12550 and 12540 points at around 6pm (Singapore Time) as per mentioned in the afternoon 2.41pm (Singapore Time) that I will be selling away my longs. Could had earned much more from Dow last week but didn't; but money in the pocket is definitely warm and nice.

Facebook partial profits taken at $32.90. Keeping the rest for the longer term. After locking some profits on Facebook, current holding average holding price for Facebook is $29.05.

SETTLEMENT (today 25 June 2012):

1ST BATCH OF DJIA LONGS:
PROFITS = (12550 - 12520) x 55 mini-contracts x $1 per point =  $1.65k

2ND BATCH OF DJIA LONGS:
PROFITS = (12540 - 12515) x 50 mini-contracts x $1 per point =  $1.25k

FACEBOOK LONGS:
PROFITS = (US$32.90 - US$30.10 AVG) x 10,000 shares =  US$28k 
(Memo: after partial profits taken for Facebook, remaining holding averaged-down price for Facebook = $29.05)

Peanut profits from DJIA longs, as it mushroomed to $31.5k within a week plus before down-turning out of my expectations to $2.9k profits. That sums up the volatility of the markets.