Day Trading – Social Media | Facebook | Twitter | Linkedin
I’m not really a big fun, of those Social Media Stocks, but this week I decide to look at…since it can be fun to short. And was looking what’s the future of Facebook , Twitter and Linkedin stocks.
Day Trading – Social Media Facebook
Facebook are so far the best of those three Social Media Stocks. It’s actually one that I like the less…but I guess is not the opinion of investors.
After filling the first Gap, it breaks a pennant, and now buyers will start to bring Facebook Stock Price Up. I guess. They will try to bring to the last highs…and if they fail, I’m looking for a big and quick drop till the 2nd Gap. After what, this stock should be “dead”.
Day Trading – Social Media Twitter
Twitter Stock, is the biggest looser. Trading now bellow 38.80 , which was the support price of Twitter stock. After a gap, and oversold stocks…at 30.00$…it found a new support at this level. How ever…I see no reason to buy something what wasn’t able to support at the range of opening stock price, which is 45.00-39.00$ price for Twitter.
Even if it found a new bottom, at 30$…it may take a lots of time to bring they price back to 45$.
Day Trading Social Media Linkedin
Linkedin Stock, also found a support at 145.00 prices. After be saved by strong buys, to not fild the Gap, it start to consolidate in range of 154.00 – 144.00$ . But the move of buyers from 154.00 to 157.00 was very weak, with no confidence.
Linkedin Stock Buyers are now testing the down trend line. With very strong short patter. Looking to see some sellers to retest to fill the gap. If they fail, well then buyers will have all confidence they need to go back to 160-180 price range.