$FB #Facebook #SocialMedia #USA #Nasdaq #Stocks #Trading #Markets
Facebook said on Tuesday it was planning to legally challenge the Thai government after being “compelled” to block access within Thailand to a group with 1 million members that discusses the country’s king.
The social media giant late on Monday blocked access to the “Royalist Marketplace” group after the Thai government threatened legal action over failure to take down content deemed defamatory to the monarchy.
“Requests like this are severe, contravene international human rights law, and have a chilling effect on people’s ability to express themselves,” a Facebook spokesperson said in a statement to Reuters.
“We work to protect and defend the rights of all internet users and are preparing to legally challenge this request.”
The statement did not give details on the legal challenge. Insulting the monarchy is illegal in Thailand.
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.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 236.75.
The projected upper bound is: 289.56.
The projected lower bound is: 254.93.
The projected closing price is: 272.25.
A white body occurred (because prices closed higher 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.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
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 75.2095. This is not an overbought or oversold reading. The last signal was a sell 11 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 67.79. 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 10 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 154.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 9 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 2 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed up 4.380 at 271.390. Volume was 6% below average (neutral) and Bollinger Bands were 29% wider than normal.
Open High Low Close Volume 271.070 277.248 268.770 271.390 23,685,604
Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 263.21 244.71 210.58 Volatility: 25 46 54 Volume: 19,669,010 25,266,042 21,541,478
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 28.9% above its 200-period moving average and is in an upward trend. Volatility is relatively normal 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 15 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.
Latest posts by HEFFX Australia (see all)
- Facebook (NASDAQ:FB) User Growth Slowing - October 30, 2020
- Tesla (NASDAQ:TSLA) Plans to Add Over 52 New Service Centers in 2021 - October 30, 2020
- Apple (NASDAQ:AAPL) Technicals and Price Points You Need to Know - October 30, 2020