Facebook Inc (NASDAQ:FB) $180 Target Despite Crash and Possible Regulation

Facebook Inc (NASDAQ:FB) $180 Target Despite Crash and Possible Regulation

Facebook Inc (NASDAQ:FB) $180 Target Despite Crash and Regulation


  • Facebook had a worldwide crash for 30-minutes
  • Facebook was having issues since 9.20am and as at 9.33am, there were 583 reports of outages lodged with the site.
  • Austrian Court Orders Facebook to Delete Online Hate Speech
  • The case—brought by Austria’s Green party over insults to its leader—has international ramifications
  • Europe are considering ways of forcing Facebook, Google, Twitter and others to rapidly remove hate speech or incitement to violence
  • Facebook and its lawyers in Vienna declined to comment on the ruling

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 143.21.

The projected upper bound is: 154.07.

The projected lower bound is: 148.67.

The projected closing price is: 151.37.

FACEBOOK INC A closed up 0.820 at 151.060. Volume was 9% below average (neutral) and Bollinger Bands were 98% wider than normal.

Open           High          Low             Close           Volume
150.710      151.080      149.740      151.060      15,827,488

Technical Outlook
Short Term:               Neutral
Intermediate Term: Bullish
Long Term:                Bullish

Moving Averages: 10-period          50-period       200-period
Close:                       150.02               142.08             129.73
Volatility:                15                       12                      20
Volume:                   21,816,248      15,883,526      19,337,608

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary Facebook
FACEBOOK INC A is currently 16.4% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect moderate flows of volume into FB.O (mildly bullish). Our trend forecasting oscillators are currently bullish on FB.O and have had this outlook for the last 11 periods. Our momentum oscillator is currently indicating that FB.O is currently in an overbought condition.

Facebook HEFFX Momentum
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 40.9153. This is not an overbought or oversold reading. The last signal was a sell 2 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 72.06. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 23 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 53. This is not a topping or bottoming area. The last signal was a sell 2 period(s) ago.

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 11 period(s) ago.

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John Heffernan

John Heffernan is an Analyst at HEFFX. John is a BSc in Economics with Honors from the University of Buckingham, and is a contributor on equities at Live Trading News.

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