As of 18 April 2020


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As of close 15 May 2020


The weekly pattern here is powerful... Price bounced off support [the lower yellow box to make that higher low], blew through TAOST Magnet Zone [TMZ] and it looks like price definitely wants to exceed the most recent weekly high.

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As of close 17 July 2020

Facebook has weathered some pretty bad headlines over the last several weeks.  The stock looks to be coiling before a big move likely around the time of its next earnings report [July 28th].

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As of close 7 August 2020

  1. My most recent update
  2. Price spiked through the all-time high on earnings...
  3. Traders brought price back to test the previous all-time high as support
  4. Price bounced off support and accelerated to the upside.
I'm hard-pressed to say jump into FB with a purchase right here... but that doesn't mean I'd be a seller.  If I owned it, I'd likely hold it... maybe trim a bit.  Watch for a buy signal on a pullback into the area between the rising trendline and the horizontal line to buy... Otherwise, sit tight... I wouldn't get short... but then you know that already.
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As of Close 16 October 2020

Like most of tech this week, Facebook "suffered" a mild pullback.  I actually think it will prove to ultimately be a decent buying opportunity.


Addendum



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As of close 30 November 2020



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As of close 22 January 2021

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As of 7 March 2021


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As of close Friday 4 June 2021


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As of Close 7 January 2022 -- Messy Meta?

Meta [FB]

Meta's [FB] price is at a messy decision point on the weekly chart [3], but hovering just above a strong resistance [1] turned support [2] point around $299.  The wide horizontal channel [4] will send up a bright flare when it's broken... in either direction.  Be ready.

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As of Close 13 May 2022 
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