Facebook, Inc. (NASDAQ:FB) contending with a growing array of bi-partisan criticism
Facebook Inc. is contending with a growing array of bi-partisan criticism and fresh regulatory issues which may pose increasing risk to its unique advertising-revenue-based business model, analysts say.
In recent days, President Trump tweeted that the company is “sooo on the side of the Radical Left Democrats” — even as Axios reported the president is doubling down on his Facebook spending strategy. New Zealand’s prime minister also singled out social media platforms in the wake of the Christchurch terrorist attacks.
Zuckerberg’s new privacy-first vision letter called for a transparent, open process to set system policy.
The truth is, Mr Zuckerberg is trying to “preserve Facebook’s $10-20 billion annual revenue from spying on us”, according to one cryptocurrency and fintech industry pioneer who has gone public himself on the matter.
That folks is the view of David Chaum, who is widely recognized as the inventor of digital cash (aka cryptocurrency) back in the 1980’s and has been dubbed “The Godfather” of cryptocurrency, who recently offered to assist Zuckerberg – if he was “serious about privacy.”
But it is not the first time Mr Zuckerberg has been somewhat evasive. It was November 16, 2018, that the Digital, Culture, Media and Sport Committee in Britain wrote a letter to Zuckerberg asking him – even if he was “not able to attend in London” in late November (Facebook/Zuckerberg’s words) – would he “be amenable to giving evidence via video link instead?”
The DCMS correspondence stated that there were “important issues to be discussed” and Zuckerberg was the appropriate person to answer them.
“We call on you once again to take up your responsibility to Facebook users, and to speak to their elected representatives,” stated the DCMS letter, which was signed by the DCMS’ chair, Damian Collins, MP for Folkestone and Hythe, as well as representatives of foreign parliaments and Bob Zimmer, chair of the Canadian Standing Committee on Access to Information, Privacy & Ethics.
At the time of that correspondence (November 16) Facebook had declined the request by five parliaments – including Australia, Brazil, Britain, Latvia and Singapore – for Zuckerberg to attend a hearing of an “International Grand Committee” in London on 27 November last year.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 176.16.
The projected lower bound is: 155.82.
The projected closing price is: 165.99.
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 23.3019. This is not an overbought or oversold reading. The last signal was a buy 0 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 51.17. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 28 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 -65. This is not a topping or bottoming area. The last signal was a buy 1 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 sell 3 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed up 3.870 at 165.440. Volume was 14% below average (neutral) and Bollinger Bands were 25% narrower than normal.
Open High Low Close Volume___
161.500 166.120 161.240 165.440 20,211,474
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 167.97 159.90 164.88
Volatility: 34 41 49
Volume: 21,301,438 20,451,518 24,470,610
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.
FACEBOOK INC A is currently 0.3% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of FB.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on FB.O and have had this outlook for the last 1 periods.
Latest posts by HEFFX Australia (see all)
- British Pound: USD/GBP (GBP=X) to move sideways or decline in short-term - June 16, 2019
- Euro: USD/EUR (EUR=X) to be impacted by June PMIs - June 16, 2019
- Japanese Yen: USD/JPY (JPY=X) trading sideways - June 16, 2019