Facebook weekly uptrend opportunity based On 1.00 Lot Calculation:
- Facebook is the world’s most dominant social media site. It allows friends, families, and associates to share their life experiences, wherever they live in the world through posts, images, videos, and discussions. In addition to its primary business it also owns Instagram and WhatsApp. Facebook alone has over 2.8 billion users around the globe. It earns its revenue by selling sophisticated and targeted advertising.
- NEWS: Facebook’s 3rd Quarter earnings will be reported on Monday, October 25th, after the American market closes. It is expected to earn $3.46 per share, and announce quarterly revenue of $29.399 billion. Facebook has beat earnings and revenue expectations 8 of the last 8 quarters.
- Fundamental-analysis: Facebook is much less susceptible to rising interest rates than many of its upstart competitors since it earns money now.
- Technical Analysis: Facebook’s daily technical indicators including its RSI and MACD indicate the stock is in an oversold state and poised for a reversal. The stock made an all-time high on September 1st of this year of $384.33. It has about 17% to rise from its current price to reach that recent high water mark.
(#FACEBOOK), October 19, 2021
Current Price: 335.00
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|
Weekly |
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Trend direction |
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|
395.00 |
|
|
375.00 |
|
|
355.00 |
|
|
317.00 |
|
|
300.00 |
|
|
282.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
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Pivot Points |
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Profit or loss in $ |
60,000.00 |
40,000.00 |
20,000.00 |
-18,000.00 |
-35,000.00 |
-53,000.00 |
|
Profit or loss in €* |
51,480.05 |
34,320.03 |
17,160.02 |
-15,444.02 |
-30,030.03 |
-45,474.05 |
|
Profit or loss in £** |
43,506.95 |
29,004.63 |
14,502.32 |
-13,052.09 |
-25,379.05 |
-38,431.14 |
|
Profit or loss in C$** |
73,947.60 |
49,298.40 |
24,649.20 |
-22,184.28 |
-43,136.10 |
-65,320.38 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 09:50 (GMT+1) 19/10/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details