Facebook Inc (NASDAQ:FB) Facebook Tries To Fight Fake News
- Livetradingnews is worried that Facebook will not be fighting Fake News, but censoring real news.
- Until now, any Facebook Page that posted a link could change the headline, body text and image that appeared in the News Feed preview. That allowed fake news distributors to bait-and-switch readers into visiting articles they didn’t expect, or make it look like legitimate news publishers were posting inflammatory or false headlines.
- But it also let real news outlets A/B test link previews, tailor content to different audiences and update previews as news stories evolved.
- To combat false news without stifling responsible publications, Facebook is now starting to disable the ability of all Pages to edit the previews of the links they post in the Page composer or API, with an exemption for some original publishers.
Facebook, Inc. is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Instagram enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends. Messenger allows communicating with people and businesses alike across a range of platforms and devices. WhatsApp Messenger is a messaging application that is used by people around the world and is available on a range of mobile platforms. Its Oculus virtual reality technology and content platform offers products that allow people to enter an interactive environment to play games, consume content and connect with others.
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 150.95.
The projected upper bound is: 168.56.
The projected lower bound is: 157.66.
The projected closing price is: 163.11.
FACEBOOK INC A closed up 3.130 at 162.860. Volume was 41% above average (neutral) and Bollinger Bands were 83% wider than normal.
Open High Low Close Volume
159.660 163.730 159.420 162.860 23,722,910
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 156.01 152.03 136.13
Volatility: 19 23 22
Volume: 15,957,000 17,232,188 18,841,314
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 19.6% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. 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 5 periods. Our momentum oscillator is currently indicating that FB.O is currently in an overbought condition.
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 90.6237. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 15 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 70.50. 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 48 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 130.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 7 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 5 period(s) ago.
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