Facebook Analysis 23Nov2015 -End of Day

[Achilles33]

Analysis Facebook 23.11.2015 = End of Day Picture.
Basis of the Analysis: Dow Theory

For the moment Facebook has broken its uptrend at 101.05.
But this could be just a small correction.

Scenario 1: If we close above 110.83 the uptrend is valid again. In this case I would prefer to go long with a limit buy at 110.83 and SL at approx 104.

Scenario 2: If we fall below 101.50 per day close, then we have a fully established short trend, in this case I would wait for a correction between 105.00 and 108 for a limit sell order with SL 111. See the picture attached

IMPORTANT NOTE:
Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.

 

[Achilles33]

Since yesterday few things have changed at Facebook (according to dow theory). In 1 Day Chart we still see almost the same picture - a broken uptrend. In 1H Chart we see a clear established down trend which is to promising. This is my setup:

Entry at : 105.06
SL at: 107.78
TP 1: 104.03
TP2: 100.46

See attached picture

IMPORTANT NOTE: FOR EDUCATIONAL PURPOSES ONLY
Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.

 

[Achilles33]

Facebook Update 30Nov15

Picture has changed as you can see
Our uptrend was broken at 100.70 on 16Nov2015 and we have a new established down trend since this day.

Between 16Nov2015 and 20Nov2015 we were in a short correction phase(RED BOX), and now it seems that we are going down again.

Support Levels:
98.89 (BLUE LINE)
FIBO 38,2 at 95,74 (White Line)

if we loose those 2 Levels i see Facebook at approx 82.89 and then 71,64.

My intraday trade is still in profit - an update regarding this will follow my tmr.

IMPORTANT NOTE:
Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.

 

[Achilles33]

Update 02Dec2015

Meanwhile we have a new uptrend in 1 hour chart.

How to intepret this?
The down trend which was established between 16Nov2015 and 20Nov2015 was just a small correction - this will be true if we have a dayclose above 108,27 - in this case this trade will became a looser.
ADD INFO: I modified my stop from initial 107,78 to 108,27 as i was able to see this strong counter movement.

2.) I also modified my first take-profit from 104,03 to 103,05 few days ago this TP was almost filled but I then thought it could go down a bit more. In any case as long as we dont close above the mentioned level this trade is still valid.

First picture - Day Chart - The big picture is still okay as long as we dont have a trend break per day close

Second Picture - 1 hour chart
We see a counter movement here - this could be a indicator that FB could turn long again but as long as we dont have a break above 108,27 everything is okay.

IMPORTANT NOTE:
Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.

 

[Achilles33]

Facebook Target 1filled

Just as expected - target 1 was filled few minutes ago - setup is still valid
heading for target 2 - additional stock update will be provided when required.

IMPORTANT NOTE:
Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.

 

[Achilles33]

Facebook Stop Loss adjusted

Short update

SL adjusted to 104.37 - now we are fully safe

IMPORTANT NOTE:
Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.

 

[Achilles33]

Stop Loss was activated - End of Trade - Profits were okay - maybe there will be a reentry if I get a new signal, according to my criteria.

Entry: 105.06
Target 1 (filled) @ 103
SL filled @ 104.37

 

[Timity]

$FB if it breaks over $105.50 on high volume it will break the trendline as well. possible test of highs after that.

 

[jcgoolsby]

for now $FB is $104.8, pretty stable. I totally agree that previous down trend was a correction.

 

[Achilles33]

Yes could be - it looks a bit just like a correction we will see.

To be long i need something like this white lines in the pic. and a day close above

IMPORTANT NOTE:
Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.