2021-07-20 • Updated
Trade idea
SELL 192.00; TP 195.00; SL 194.00
This week Facebook Inc. released its earnings figures for Q1. The company’s earnings per share (EPS) and revenue turned out to be better-than-expected: $1.89 and $15.08 billion versus the forecast of $1.62 and $14.97 billion. The number of daily active users of the social network was also quite fine.
However, Facebook faces a lot of challenges. In particular, the company is under investigation because of the user privacy problem. It set aside $3 billion to pay out as fines to the US Federal Trade Commission (FTC). Even though the market’s initial reaction to the earnings report was positive, technical factors, as well as the concerns related to the fines, will likely make the stock price correct to the downside in the upcoming sessions.
At the chart, you can see that Facebook stock met resistance at the 78.6% Fibonacci level of the 2018 decline (198.45). There's also a psychological level of 200.00 that will be hard to overcome. This can make the stock aim for the bottom of the bullish gap in the 185.00 area.
Notice that to trade stocks with FBS you need to open an MT5 account in your personal area.
For the third time in a row, Apple reports a dip in sales as it releases its report for Q2 2023. The announcement led to a 7% drop in stock prices as more investors seemed to lose confidence in the stock’s performance.
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
Are you searching for trade opportunities for December 6-10? Here you go!
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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