Let’s look at a trio of internet companies in this Trendy Stock Charts update.  This is a stock chart update for Facebook (FB), Alphabet (GOOGL) & Twitter (TWTR).

Two of the three companies, Facebook and Google, are part of the FANG trade (Facebook, Apple, Netflix & Google). Those two companies have definitely outperformed the third company in this group – Twitter.

But as the market grinds higher, a rising tide general lifts all boats. Continue reading for an update on each company specifically.

Facebook (FB) – Trading Channel Breakout?

This is a 5 year monthly chart for Facebook (FB). Does a MACD Histogram that just turned positive with buying momentum reflect good times ahead for FB’s share price? It certainly seems so now that its share price has closed above the resistance area from the Bearish Engulfing candlestick pattern for the second month in a row.

Analyzing a Possible Breakout from a Several Year Trading Channel for Facebook (FB)

With a MACD Histogram that is just starting to show buying momentum, does Facebook have a chance for a breakout from its Trading Channel? While FB’s buying[s2If !current_user_can(access_s2member_level1)]….

If you want to continue reading this stock chart update for Facebook (FB), Alphabet (GOOGL) & Twitter (TWTR), you must first login. I look at upside price targets for Alphabet (GOOGL) and possible reversal signals for Twitter’s (TWTR) share price.

If you are not a Trendy Stock Charts member, consider joining today! There are several different subscription plans available.[/s2If][s2If current_user_can(access_s2member_level1)] momentum may be increasing, the volume is still not much above average. However with any sort of increased buying volume, FB’s share price could start to see some accelerating gains.

From watching FB’s share price on a daily basis, there seemed to be a consolidation around the $140 area. Look for that area to hold in the event of any pullback due to general market conditions.

Alphabet (GOOGL) – $1,200 Long-Term

This next chart is also a 5 year monthly candlestick chart, but this one is for Alphabet (GOOGL). In a previous update for Alphabet “Quick Hits 2/26/2017 – Around the Horn“, I discussed how its share price was looking to close above some resistance areas from 2 Norther Doji candlestick patterns. It’s share price has closed above the resistance areas, and looks poised to continue its streak of making new highs.

Analyzing Upside, Long-Term Price Targets for Alphabet’s (GOOGL) Share Price Using Fibonacci Extension Tools

The 3 Fibonacci Extension Tools overlaid on this chart all point towards a $1,200 price target that has been previously discussed. I’m sure there will be plenty of resistance around the $1,000 price level based on the confluence of Target Lines from the Fibonacci Extension Tools though.

Monitor the MACD Histogram on the monthly chart when April 2017 begins. Does April’s candlestick continue with increasing buying momentum? Watch this for the first few days for an indication of the rest of the month. Any pullbacks towards the $800 area before the uptrend continues look to be purchasable pullbacks.

Twitter (TWTR) – The Downtrend Continues?

The black sheep of this stock trio update is Twitter (TWTR). Rather than making new highs like the other two stocks in this update, its share price has been languishing around its bottom of its price range rather than the top.

But could things be ready to change for this internet company? This monthly chart does not say “buy shares now”, thats for sure.

Analyzing Twitter’s (TWTR) Downtrend for Its Share Price on a Monthly Candlestick Chart

But TWTR’s share price did form a Piercing candlestick pattern on its daily chart on March 22, 2017. That bullish reversal candlestick pattern developed on buying volume that was greater than the previous candlestick’s volume. That could be an indicator that a short-term bottom is in and its share price is ready to rebound.

Make sure to monitor the MACD Histogram on the daily chart as the rebound ensues. Any successful rebound is sure to meet overhead resistance at the top of the Trading Channel.

A break below the previous low of $13.73 could be detrimental to TWTR’s share price. We are talking probably somewhere around the $5 level.

The Piercing candlestick pattern seen on the daily chart is also doubled up with another bullish candlestick on its weekly candlestick chart. TWTR’s share price formed a Doji candlestick pattern on its weekly chart. Since the Doji candlestick is at the end of a downtrend, it is considered to be a Southern Doji candlestick pattern. This candlestick pattern also developed on buying volume that was greater than the previous candlestick’s volume.

With the bullish candlesticks on both the daily and weekly charts, TWTR’s share price could be poised to make a run for the top of its Trading Channel. Just make sure to dispose of any shares on a break below the $13.73 previous low.

If anyone is interested in more details for support or resistance areas for any of the above stocks, just leave a request in the Idea Chamber! That concludes this stock chart update for Facebook (FB), Alphabet (GOOGL) & Twitter (TWTR).

Thanks and good luck trading!!