Meta PlatformsLong
Facebook Holds the Trendline
Facebook has been steadily climbing since March, and now it’s pulled back.
Notice the rising trendline along the lows in mid-May and mid-June. FB touched and held that line today.
Prices are also holding their 21-day exponential moving average (EMA), which provided support last month.
Third, the hourly chart shows how FB returned to the $344 area where it traded immediately before winning an anti-trust battle with the Federal Trade Commission. That briefly pushed FB’s market capitalization above $1 trillion:
Finally, the social-media giant reports earnings on July 28. It’s enjoyed strong tailwinds from advertising. There could be more positive catalysts soon as Mark Zuckerberg’s team focuses on growing new e-commerce features like Facebook Marketplace.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Notice the rising trendline along the lows in mid-May and mid-June. FB touched and held that line today.
Prices are also holding their 21-day exponential moving average (EMA), which provided support last month.
Third, the hourly chart shows how FB returned to the $344 area where it traded immediately before winning an anti-trust battle with the Federal Trade Commission. That briefly pushed FB’s market capitalization above $1 trillion:
Finally, the social-media giant reports earnings on July 28. It’s enjoyed strong tailwinds from advertising. There could be more positive catalysts soon as Mark Zuckerberg’s team focuses on growing new e-commerce features like Facebook Marketplace.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.