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Stock impact report

Facebook: When Bears Turn To Bulls [Seeking Alpha]

Meta Platforms, Inc. - Class A (FB) 
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
Company Research Source: Seeking Alpha
Facebook: When Bears Turn To Bulls Summary Facebook's stock is nearing a technical breakout which may send shares higher. Options suggests momentum is turning bullish. Earnings expectations are starting to rise. Facebook's ( FB Facebook is scheduled to report fourth quarter earnings on Jan. 30, and expectations are low. Analysts’ consensus estimates have been slashed dramatically for the quarter since July. It gives the company a low bar to beat when those results finally come. Bullish Chart After months of declines the stock is finally showing some bullish momentum and is now breaking out. The chart shows what appears to be a descending broadening wedge, a reversal pattern. Additionally, the stock has broken free of that downtrend. Also, it's testing a critical level of technical resistance at $149. Should the stock rise above that level, it would suggest it could rise to around $157, or potentially as high as $166. The relative strength index also suggesting bullish momentum is comi Show less Read more
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