The Hourly View for FB

Last Updated March 2, 2021, 12:54 GMT

At the time of this writing, FB’s price is up $2.75 (1.07%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the Trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Facebook Inc Daily Price Recap

Facebook Inc is up 2.83% ($7.29) since the previous day, marking the 2nd consecutive day it has gone up. The price move occurred on volume that was down 16.76% from the day prior, but up 45.3% from the same day the week before. The daily price chart of Facebook Inc below illustrates.

Facebook Inc Technical Analysis

First things first: Facebook Inc crossed above its 200 day moving average yesterday. 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. For additional context, note that price has gone up 17 out of the past 30 days.

Overheard Around the Web

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

WATCH LIST FOR TOMORROW PART 2 :

$WKHS – Loaded the CALLS today at low $15's. She spiked later to $17 + as the ER was crazy. They did great & will be soon be meeting with USPS. It's still not too late to get into it. Holding $15 April CALLS.
$SUNW – Strong close today. I added my position on CALLS & COMMONS. Posted here at the low dips. If it dips again, it'll be a great opportunity to jump in. It's going to $20 + again & soon imho.
$FB – Technicals showing it's going to break it's downward trend line. Watch for a bounce play here.
$AMC – Been alerting this one since last week. Watch for Continuation of uptrend tomorrow, going for double digits once again.
$SPY – Possible ascending triangle forming here, watch for another breakout. She can go test resistance at $394 once again. Looks pretty bullish

GOOD LUCK & ALWAYS TRADE SAFE
FOLLOW ME HERE FOR MORE UPDATES & NIGHTLY WATCH LISTS
www.thestocktraderhub.com

– TheStockTraderHub

The post Facebook Inc (FB) Moves Up For the 2nd Consecutive Day, Crosses 200 Day Moving Average; in a Downtrend Over Past 14 Days appeared first on CFDTrading.