#Gold #SP500 Facebook, to release their results on Wednesday, regardless of one’s feeling about social media there’s a reasonable expectation platforms are experiencing a surge in use during Covid-19. Obviously, this is liable to translate as a surge in advertising revenue though it’s highly unlikely anything shall appear just yet.
However, there’s doubtless a reasonable expectation amongst investors, planning for a future boost in earnings for the platform with the result we suspect any excuse shall now provoke a boost in the company share price. Strangely, our own dislike of this platform has very little to do with Facebook itself but more, a media polluted with lazy journalists whose idea of research is to check Facebook and Twitter rather than actually do any work. Far too often, a gratuitous newspaper or TV headline is generated due to “Karen on Facebook says…” and tends to enforce the idea of Fake News being generated by The News itself.
At present, Facebook share price needs trade above 194 to promote further recovery to an initial 200 dollars. If exceeded, there’s a pretty strong calculation favouring 221 as our secondary target, effectively taking the price back to the level before Superflu kicked off. Only with future closure above 221 do things become really interesting for the longer term as 254 and beyond becomes a viable ambition.
If it all intends to go wrong, Facebook needs trade below 150 dollars as a reversal to 100 dollars looks perfectly possible. Even below 167 dollars would now provide an early sign of concern for the future.
FUTURES
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
9:36:55PM |
BRENT |
22.7 |
|||||||||
|
9:39:00PM |
GOLD |
1715.18 |
1705 |
1701 |
1691 |
1718 |
1727 |
1733.5 |
1743 |
1712 |
|
|
9:42:42PM |
FTSE |
5864 |
‘cess |
||||||||
|
10:05:51PM |
FRANCE |
4514 |
‘cess |
||||||||
|
10:08:15PM |
GERMANY |
10685 |
Success |
||||||||
|
10:09:54PM |
US500 |
2876 |
2842 |
2829.5 |
2810 |
2872 |
2888 |
2906.5 |
2927 |
2848 |
‘cess |
|
10:16:44PM |
DOW |
24122.2 |
Success |
||||||||
|
10:18:45PM |
NASDAQ |
8833 |
‘cess |
||||||||
|
10:20:51PM |
JAPAN |
19777 |
Success |
27/04/2020 FTSE Closed at 5846 points. Change of 1.63%. Total value traded through LSE was: £ 4,582,926,197 a change of -2.06%
24/04/2020 FTSE Closed at 5752 points. Change of -1.27%. Total value traded through LSE was: £ 4,679,159,654 a change of -17.56%
23/04/2020 FTSE Closed at 5826 points. Change of 0.97%. Total value traded through LSE was: £ 5,675,602,564 a change of -4.08%
22/04/2020 FTSE Closed at 5770 points. Change of 2.29%. Total value traded through LSE was: £ 5,917,121,031 a change of -3.58%
21/04/2020 FTSE Closed at 5641 points. Change of -2.94%. Total value traded through LSE was: £ 6,136,810,305 a change of 18.04%
20/04/2020 FTSE Closed at 5812 points. Change of 0.45%. Total value traded through LSE was: £ 5,198,867,869 a change of -28.63%
17/04/2020 FTSE Closed at 5786 points. Change of 2.81%. Total value traded through LSE was: £ 7,284,056,629 a change of 24.33%