In the past two years I have done several posts regarding Facebook and what I think is happening. This post will be the Facebook Stock Forecast for 2019.
As my trading style continues to evolve I will continue to add to the Facebook posts because my trading style becomes better and better. Therefore my analysis of stocks and every other trading instrument provides more valuable information to use since it becomes more profitable.
Hopefully, you can pull something out of it that will assist you in your trading but at the end of the day, my recommendation is for you to create your own trading style through meditation. That was the key that changed everything for me.
For over 10 years I wasted thousands of dollars “learning” from “gurus” but all it did was lighten my wallet because none of them made any money from their systems. They are virtually all scam artists and provide nothing but a rip-off for the services they offer.
If anyone of them could provide verified results of their profitability then they would have an argument but none of them do. In fact, they go to great lengths to explain why it is a bad idea to ask someone for proof of profitability. How messed up is that?
They are selling a product/service for hundreds or thousands of dollars but none of them are willing to prove they are profitable long-term traders.
It wasn’t until I started tapping into my subconscious and trusting myself that I began having break-throughs and started experiencing consistent profitability. It takes work to create your own system but it is worth it 1000%. That is why most people won’t do it. But for the people who do the rewards can be tremendous and you will get rid of relying on anyone else for your trading. You will be relying and trusting in yourself which is the key.
Buy or Sell Facebook (FB)? 12/26/17 Is the Run Up Almost Over?
Facebook (FB) Sells your data, should you sell the stock?
Technical Analysis of Facebook (FB) and Nasdaq 100 (NQ) for 1/31/2019
Technical Analysis for Facebook, Apple, Netflix, & Google – FANG
Charts Facebook Stock Forecast for 2019
Here are the charts I will go over in the video:
This setup is a Springboard Short setup. There is a lot going on here so let me explain.
The setup is based on the move up missing the 1.236% Fibonacci extension level which it did. From there we have a couple of parameters to meet for the short to take place.
The first is that the original retracement must hit the 38.2% Fibonacci retracement line which it did (the green line). Then price on the move up must not hit the 123.6% Fibonacci extension level. From there, price must retrace and touch the 23.6% retracement line (the purple line) and also close below the Schiff Pitchfork median line (the diagonal red line).
Facebook met all of those criteria so it is a live short trade. The current exit is the bottom of the blue box which is also the 50% Fibonacci retracement line (dark red line) at around $161.
But if the price doesn’t hit $161 and moves up to the 0% retracement line (the top blue line) at $198.37 then the exit moves to the purple line at $180.60. Finally, if the price doesn’t hit that exit but moves up to the 1.236% Fibonacci extension line at $216.14 (not pictured) then the exit moves to the yellow line at $187.38. That is the last time you would move the exit, even if the price continues to move higher.
This is the same Springboard short setup but I removed the Fibonacci lines and the Schiff Pitchfork to clean up the chart. I added the trend-line and you can see how the price is barely hanging onto it as support. Whenever it does confirm and break the trend line then look for the retracement down to happen.
Video
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The conclusion to the Facebook Stock Forecast for 2019
One of the big questions regarding Facebook is what are they going to do with Libra? According to Facebook everybody is wrong with how they view Libra and how it will be used.
In my opinion, Facebook is not to be trusted. They’ve already shown they have no problem selling your data and only admitting they did so after they were caught red-handed in their lies when Zuckerberg had to testify under oath about their selling of data.
France, Germany, China, the United States—and just about every other country on Earth—they’ve all got Libra all wrong, according to Facebook’s David Marcus.
And the former PayPal executive, who now serves as one of the lead developers of Facebook’s Libra project, is once again coming out in defense of his crypto baby.
In a series of tweets, Marcus attempted to put to rest the various fears raised by governments around the world by explaining that the notion of Libra negatively affecting the “monetary sovereignty of nations” is wrong for several reasons.
For one thing, he said, Libra is built to run atop a system of already existing currencies, not to replace them. He explained that Libra will itself be backed by several forms of fiat. So, in order for Libra to exist, it must have the “equivalent value” of these currencies “in its reserves.”
The creation of new money is only permitted for sovereign nations, not businesses, Marcus said, and the Libra project is working with governments everywhere to ensure regulation is in place that will prevent it from deviating from its present infrastructure.
Phew. What a relief—right?
Nah, not so fast, said Eric Wall, a privacy technology fellow with the Human Rights Foundation. “Just because there isn’t new money creation does not mean you can’t threaten monetary sovereignty,” Wall responded on Twitter. “The Libra could enable a population in a country to abandon their native currency in favor of Libra (when the native currency isn’t even a part of the basket).”
But my opinion regarding Facebook is not important. What is important is if trading their stock can make you money. Based upon how the stock moves then the answer is yes. The key is to get in at specific levels that provide great value.
Right now for the short to intermediate term, I am looking for weakness in Facebook as soon as the trend-line breaks that I explained above in the Springboard trade. But in the long term as long as they keep coming up with new ways to have people post information about themselves that they can sell then they’ll do well for a very long time.
