It's Time to Buy Facebook?

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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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JazzyTizzy
·2021-03-19
Is it
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1
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- JazzyTizzy:
  No money
  2021-03-22
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- JazzyTizzy:
  Yes
  2021-03-22
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- KTKC:
  FAANG
  2021-03-21
  Reply
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Fy5566
·2021-03-19
Maybe
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2
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- firefirefire:
  it's good to be your first follower
  2021-07-21
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Chinleong
·2021-03-19
Yes or No.
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kevinlaisq
·2021-03-19
Like share and comment
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3
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- WangWang99:
  Oh
  2021-03-19
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- WangWang99:
  Ok
  2021-03-19
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SeeHong
·2021-03-19
This few month will be unstable
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2
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- kevinlaisq:
  agree
  2021-03-19
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Tinkyong
·2021-03-19
Maybe...
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1
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JavierLee
·2021-03-19
like and comment pls
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1
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- Xiaolongbao:
  Reply pls
  2021-03-19
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Victan
·2021-03-19
[微笑]
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1
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- JavierLee:
  nice
  2021-03-19
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och
·2021-03-19
Solid[微笑]
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2
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tpeng5678
·2021-03-19
?
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2
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Fredwkh
·2021-03-19
Like and Comment pls
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4
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- JavierLee:
  help me too pls
  2021-03-19
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- NoviceK:
  Already did plS do the same too :)
  2021-03-19
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lihodinho
·2021-03-19
Just accumulate slowly
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- Dittosg:
  still too high...
  2021-03-19
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InvThots
·2021-03-19
??
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4
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KinKat
·2021-03-19
2 -ves, (1) Apple imposing privacy feature on iPhone which prompts user on FB intrusiveness, option to allow permission. (2) Laws by Australia to make FB pay for news content. Other countries to fllw.
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Sheryl85
·2021-03-19
yes!
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3
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KelwinChin
·2021-03-19
Sold
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- KelwinChin:
  Thanks
  2021-03-20
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- NoviceK:
  Not feeling goOd about FB!
  2021-03-19
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WVY
·2021-03-19
Just sold
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- NoohkReplying toNoohk:
  Hi
  2021-03-19
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- Noohk:
  Oh no me too
  2021-03-19
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- WVY:
  Oh no
  2021-03-19
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Joker_Smile
·2021-03-19
Not sure if facebook will grow anymore. Its alrdy very good le. Not sure if they have anymore room to grow. But still... ....
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Nanab
·2021-03-19
Yes
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- 黑豹钻石拳:
  [财迷]
  2021-03-19
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Darrs21
·2021-03-19
Interesting
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6
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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. Shares eventually burst through downtrend trend resistance earlier this week, while also giving bulls a weekly-up rotation over $277.90.\nIncidentally, Facebook stock went monthly-up as well, clearing the February high at $276.60.\nOn the downside, I really want to see Facebook hold the $276.50 to $278 area to keep these rotations intact. Further, I want to see the stock hold up over the 10-day and 100-day moving averages.\nAs it tussles with the 61.8% retracement, keep an eye on the January high at $286.79.\nIf the stock can clear that mark and make new 2021 highs, then $290-plus is possible, ultimately putting $300 in play, as well as the 52-week high up at $304.67.\nDespite the sleepy nature of the FAANG stocks over the last few months, Facebook looks to be waking up. That starts to change on a move back below $276. 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