Facebook (FB) stock price recently took a major dive, dropping from the high of $195 on February 2nd down to $159 on Friday March 23rd. Is this a good time to buy? Well, let's take a look at the chart and see it says. Please note that when I do a stock analysis, I generally look at the daily chart. However, with FB chart I will be looking at the 2-day chart, simply because it seems to be a bit more accurate. Here are my analysis. 1) Price recently broke below a long term support trend line. 2) Price is now testing the bottom of the flag. 3) If support holds, price might get a bounce to retest: - the support trend line that was just broken; - the moving averages [50 SMA (blue line) and 34 EMA (purple line)]; - and possibly the top of the flag. 4) If price is able to break above these key resistance areas, the next targets are 185.60, 194.99, 209.73, 229.13 and 248.12 5) But if any of the above resistances hold...

Price-Earning (PE) ratio is the ratio of market price of the stock compared to the earnings per share. It shows the sum of money you are ready to pay for each dollar worth of earnings of the company. Its formula is PE = Market Value per Share / Earning per Share (EPS) DIFFERENT VERSIONS OF PE RATIOS Trailing PE When Earnings per share is taken from the last 12 months results , the resulting PE is called trailing PE. Trailing PE captures what is already done and happened. Its most popular because of its objectivity. Forward PE Forward PE uses the estimated future earnings of the company instead of the trailing figures. It is handful in comparing present earnings and future earnings .It is helpful in predicting what earnings look like in absence of one off charges and accounting adjustments. Personally I am not a great fan of Forward PE because it can be fraught with folly. The earnings estimate can go wrong for so many reasons and the whole analysis can get wrong. Moreover wi...

Learn a simple way to identify a true breakout from a false breakout using volume activity. Make sure to check out the video . Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any other trading securities.

A student asked us to comment on either Glance Technologies GET or Canopy Growth Weed (Marijuana) companies. These are two Canadian stocks. So here is our answer: Marijuana stocks are on the move. Weed is a trending and controversial industry, that is undergoing intense scrutiny and regulation, while facing lots of market uncertainties. Nevertheless it is a very profitable industry and Walls Street is riding the wave of big profits. The thing to be most caution with this particular industry is that many of the marijuana stocks are for the most part penny stocks with limited liquidity. Price and volume are very important factors to consider before trading or investing. Price: $5 or greater is better. Daily average volume: 350,000 shares or greater is better. GLNNF vs. TWMJF The price patterns of these two companies is bullish, but there is a key difference between the two. GLNNF is in a pullback mode that started 10 days. Price has violated key support areas, and it seems li...

Today we take a look at MARK, one of our day trades that gave us a nice 16% gain in just a few hours. MARK (Remark Media Inc.) Technology SectorInternet Content & Information Watch this video to get the technical insights. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex...

Today we take a look at one of our trade alerts that produced 70% gain in just 15 minutes: $SRAX (Social Reality Inc) Cyclical Consumer Sector Advertising Agencies Watch this video to get the technical insights. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos...

Ichimoku cloud is a chart indicator used in technical analysis to identify support and resistance areas. The cloud is designed to provide entry and exit strategies based on moving average crossovers while giving a clear glimpse of bullish or bearish patterns. Moving Averages The moving averages used in the Ichimoku cloud are tenkan-sen and kijun-sen. Tenkan-sen is the 9-period moving average; Kijun-sen is the 26-period moving average. The tenkan-sen line (9-period) is the leading line; the kijun-sen (26-period) is the standard line. The tenkan-sen line (9-period) tracks price with more accuracy because of the shorter period of time it covers. In the Ichimoku cloud indicator, these two moving averages calculate the mid-point between the highest high and lowest low of a security between of the span two time periods, plotted six months into the future. When the tenkan-sen line crosses and moves above the kijun-sen it gives a buying signal. On the other hand, a sel...