Facebook Fundamental analysis
2017-08-15 01:44 pm | Resource: | No Views : 658
Facebook profits grewThe stock is skyrocketing above 100 and 200 moving average, as it is trading at 170$ at the moment, as Facebook posted strong second quarter results on 26/7, thanks to the significant rise of the profits of advertising which grew 47% year to year to about 9.16 billion dollar.
Facebook CEO ambitious plansThe growth is likely to last driven not only by the performance of the company, but also by the Facebook CEO Mark Zukberg ambitious plans to make the Facebook even more profitable, as Zukberg wants the company to accelerate efforts to make money off its messaging products .
"We just started putting ads on messenger, I want to see us moving even faster" said by Mark Zukberg.
so, do we expect the Facebook stock to rise ? , answer is yes, as it is supported with strong factors of fundamental analysis which lead to growth, and we expect the stock bounce and to reach 200$ in the next year.
Time frame Used - four hours The NASDAQ 100 is moving in a bearish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around the 6903 level and the trend is bearish after breaking the 6903 level down. In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators in the oversold, area and weakness of…
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