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Facebook Inc (FB) Heads Down For the 3rd Consecutive Day; in a Downtrend Over Past 14 Days

The Hourly View for FB

Last Updated September 15, 2020, 11:15 GMT

At the moment, FB’s price is up $7.15 (2.68%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as FB has now gone down 5 of the past 5 hours. If you’re a Trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Facebook Inc Daily Price Recap

Facebook Inc closed yesterday down 0.17% ($0.46); this denotes the 3rd consecutive day a decline has happened. The price move occurred on volume that was up 26.34% from the day prior, but down 0.31% from the same day the week before. Below is a daily price chart of Facebook Inc.


Facebook Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 30 days Facebook Inc’s price has gone down 16 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about FB:

    $FEAC Skillz has more minutes per user per day then Tik Tok $ORCL, $FB FaceBook , Snapchat $SNAP, $GOOGL Youtube.

    $FEAC awesome merger with Skillz from same SPAC team that brought DraftKings public which skyrocketed 10s to 40s. Skillz is like the NetFlix of mobile gaming. They don't create games. They host them. Skillz gross margins 95% & projected 2022 revenue of $555 million. Mobile gaming is expected to grow from $68 billion in 2019 to $150 billion by 2025.

    Skillz touts 40 million registered users and more than 30,000 registered developers on its gaming platform. It is anticipated that in 2020, Skillz’s patented technology will power over 2 billion casual esports tournaments and facilitate $1.6 billion in paid entry fees for games hosted on its secure and proprietary platform.

    Skillz is a two-time winner of CNBC’s Disruptor 50, Forbes’ Next Billion-Dollar Startups, and the #1 fastest-growing company in America on the Inc. 5000.

    $FEAC Investor Presentation

    – UndervaluedGems

The post Facebook Inc (FB) Heads Down For the 3rd Consecutive Day; in a Downtrend Over Past 14 Days appeared first on CFDTrading.

This post first appeared on Complete CFD Trading Guide, News And Analysis, please read the originial post: here

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Facebook Inc (FB) Heads Down For the 3rd Consecutive Day; in a Downtrend Over Past 14 Days


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