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Facebook – Stable Sideways Phase – Columns

Friday,
12/11/2020
11:04

from onemarkets blog

| Views: 199

Facebook has hit the headlines in the past few days for a possible breakup. However, this has not yet had a major impact on the price development of the security, the share still presents itself in a potentially bullish starting position.

Shares of Facebook are considered one of the strongest values ​​from the US technology sector, as evidenced by the increase after the Corona crash from 137.10 US dollars to a high of 304.67 US dollars by mid-August. Since then, however, the upward momentum has visibly weakened and has been converted into a rough sideways phase between 244.13 and the current record levels. Since the summer, the price trend has been presented in a symmetrical triangle, which is often used in technology as a trend-confirming pattern and makes a trend continuation very likely if the rule-compliant resolution. Now all that’s missing is a positive resolution of this formation so that fresh signals can be activated.

Signal is still a long time coming

In order for the probability of a test of the annual highs at USD 304.67 to increase noticeably, the security of Facebook gain at least over $ 292.00. Above the August highs, the area around US $ 332.34 could then move into the focus of market participants, the arithmetical target resulting from the past exchange rate patterns is US $ 368.68. So much for the medium-term favored course. Should Facebook but unexpectedly slide below the 200-day average at currently 246.75 US dollars, the bullish initial scenario would have to be accepted, discounts to the January highs at 224.20 US dollars would not come as a surprise in this case. Finds underneath Facebook another strong support around $ 200.00.

  • Resistances: 278.73; 283.66; 290.38; 292.00; 297.38; $ 304.67
  • Supports: 271.75; 262.70; 257.34; 251.45; 246.75; $ 244.13

Facebook in US dollars in the daily chart: 1 candle = 1 day (log. candle chart display)

old
Observation period: 16.12.2019 – 10.12.2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de/underlying/US30303M1027

Facebook in U.S. dollar In the weekly chart: 1 candle = 1 week (logical candle chart display)

old
Observation period: 07.12.2015 – 10.12.2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de/underlying/US30303M1027

Investment opportunities

Turbo Bull Warrant on Facebook for speculation on an increase in share

Underlying WKN Selling price in EUR Base price in US dollars lever Last valuation day
Facebook HR2BP3 4.19 250.00 5.42 15.09.2021
Facebook HR2QAA 2.27 300.00 10.01 15.09.2021
Source: HypoVereinsbank onemarkets; Status: December 11, 2020; 10:40 am

Turbo Bear Warrant on Facebook for speculation on a price loss of the share

Underlying WKN Selling price in EUR Base price in US dollars lever Last valuation day
Facebook HR0YLV 3.68 300.00 6.17 June 16, 2021
Facebook HR3HWM 2.18 267.50 10.42 June 16, 2021
Source: HypoVereinsbank onemarkets; Status: December 11, 2020; 10:43 am

More products on FACEBOOK and other underlyings can be found at: www.onemarkets.de

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This information does not constitute investment advice, but advertising. The public offer is made exclusively on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (“BaFin”). Approval of the prospectus should not be understood as a recommendation to purchase these UniCredit Bank AG securities. Only the prospectus including any supplements is relevant and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and rewards of investing. You are about to acquire a product that is not easy and can be difficult to understand.

How the HVB products work

The post Facebook – stable sideways phase first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

In the onemarkets blog, experts from HypoVereinsbank onemarkets and technical analysts from GodmodeTrader will tell you what will move the markets before the stock market starts. During the day, the editors keep an eye on the DAX, Dow & Co. for you and show you how you can benefit from the ups and downs with leverage products.
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