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Facebook, Inc. (NASDAQ:FB) Is Working On Cross-Posting Stories To Instagram

Facebook, Inc. (NASDAQ:FB) Is Working On Cross-Posting Stories To Instagram

Facebook is currently testing a crossposting feature that will allow users to share their stories directly to Instagram.

Instagram users have had the ability to crosspost their stories for some time now. By linking their accounts on both platforms, users are able to share their stories simultaneously on Facebook as they are posting it on Instagram. It is a useful tool for social media managers but other users mostly used it to share selected moments with their Facebook friends.

A Facebook spokesperson confirmed to TechCrunch, explaining that the feature is being tested and is meant to simplify sharing moments with different audiences across their applications.

The feature might get annoying for users if they are made to sift through the same stories on both platforms, especially if they are spammed. We all have experienced the unbearable number of stories some people post on Instagram. Imagine, going through those same stories on Facebook as well.

Hopefully, Facebook doesn’t roll out a crosspost feature for WhatsApp status and Instagram Stories. Nobody wants to be riddled with the same ‘Good Morning’ and Festive graphics that consist of texts, accompanied by stock images.

Technical Indicators

Overall, the bias in prices is: Downwards.

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

By the way, prices are vulnerable to a correction towards 199.52.

The projected upper bound is: 183.95.

The projected lower bound is: 155.02.

The projected closing price is: 169.48.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 29 white candles and 21 black candles for a net of 8 white candles.

Momentum Indicators

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 27.1063. This is not an overbought or oversold reading. The last signal was a buy 1 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 31.53. 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 buy 1 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 -133.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 12 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed down -7.950 at 170.240. Volume was 28% above average (neutral) and Bollinger Bands were 191% wider than normal.

Open     High      Low     Close     Volume___
174.010 175.880 167.660 170.240 20,397,204
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 184.05 207.20 194.32
Volatility: 73 47 36
Volume: 24,901,866 17,599,694 15,595,335

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 INC A is currently 12.4% below 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 26 periods.

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