Long-Term Trend Review for FB, GOOGL & TWTR
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FB, GOOGL & TWTR
June 2017 is over. What better time then at the end of a month to take a look at some monthly candlestick charts. All of the below charts are 5 year monthly candlestick charts to review the longer-term trend for each. I will also be posting some updates in the Idea Chamber over the holiday weekend. As I mentioned in my long-term trend update for AAPL, DAL & SIRI earlier today, be certain to subscribe to your favorite forum topic.
This long-term trend review is for FB, GOOGL & TWTR. Let's get started!
Even teflon-coated Facebook (FB) was not immune to selling pressure over the last couple of weeks. It has formed Doji candlestick patterns for the months of May 2017 and June 2017.
Facebook's (FB) share price has issued warnings the last two months be developing Northern Doji candlestick patterns. So what do these Northern Doji candlestick patterns mean for Facebook's (FB) share price? When a Northern Doji candlestick pattern appears at the end of a long established uptrend, volatility and possibly a correction lies ahead.
The $144.50 price level is key for Facebook's (FB) share price to…...
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I discuss the items to watch for regarding FB's share price, including multiple support levels. If the Northern Doji candlestick patterns represent a short-term reversal, then support levels become extremely important.
Bearish indicators fro Alphabet (GOOGL) are also reviewed along with its support areas where its share price should bounce from.
And last, you can read about Twitter's probable end to its downtrend as well as some upside price targets now that its share price is trending back upwards.
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