It's Time to Buy Facebook?

TheStreet2021-03-19

Facebook (FB) stock is finally starting to show some life for the bulls. For months, the stock has been consolidating. Like many mega-cap tech holdings, the stock erupted higher in late August before ...

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Comments

JazzyTizzy
2021-03-19
JazzyTizzy
Is it
- JazzyTizzy:
  No money
- JazzyTizzy:
  Yes
- KTKC:
  FAANG
- jezzytezzy:
  ic
- jezzytezzy:
  o
Fy5566
2021-03-19
Fy5566
Maybe
- firefirefire:
  it's good to be your first follower
Chinleong
2021-03-19
Chinleong
Yes or No.
kevinlaisq
2021-03-19
kevinlaisq
Like share and comment
- WangWang99:
  Oh
- WangWang99:
  Ok
SeeHong
2021-03-19
SeeHong
This few month will be unstable
- kevinlaisq:
  agree
Tinkyong
2021-03-19
Tinkyong
Maybe...

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For months, the stock has been consolidating.\nLike many mega-cap tech holdings, the stock erupted higher in late August before ...</p>\n\n<a href=\"https://www.thestreet.com/investing/facebook-fb-stock-buy-the-breakout-trading-031821\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.thestreet.com/investing/facebook-fb-stock-buy-the-breakout-trading-031821","article_id":"1178986225","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1178986225","pubTimestamp":1616120367,"sourceInfo":null,"weMediaInfo":null,"summary":"Facebook (FB) stock is finally starting to show some life for the bulls. For months, the stock has b","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"是时候收购Facebook了？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FB":0.9},"content_text":"Facebook (FB) stock is finally starting to show some life for the bulls. For months, the stock has been consolidating.\nLike many mega-cap tech holdings, the stock erupted higher in late August before peaking and trending sideways. Is that consolidation about to resolve higher?\nAlphabet (GOOGL) already has flexed its muscles as it remains the top-performing FAANG holding over the last three and six months and holds that position by a fairly wide margin.\nOver the last month though, Facebook is actually the top performer, now up almost 4%. While it doesn’t sound too impressive, it compares to the next-best performer, which is Alphabet atdown3%.\nFor what it’s worth, Apple (AAPL) is the third best performer, down nearly 7%.\nIn fact, Facebook stock has been rallying pretty hard since Jim Cramer said to buy tech stocks earlier this month.\nLet’s look at Facebook as the stock starts to perk up a bit.\nTrading Facebook\nDaily chart of Facebook stock.\nThe company's been busy with decisions related to its platform and COVID-19, as well as making new deals with Australian publications. However, a look at the daily chart emphasizes the multi-month chop and consolidation I referenced at the top of the story.\nLast week, shares tried to break out over downtrend resistance, but ultimately failed as Facebook stock topped out at $277.90. Monday’s attempt was also stymied by downtrend resistance.\nHowever, the sellers couldn’t keep bulls in check forever. 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