Trading below 200-day and testing major support around 64 to 65
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Trading below 200-day and testing major support around 64 to 65
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Traders will closely monitor the major support zone around $2.60
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The following article provides a good summary of the changes.
INTRODUCING COMMUNICATION SERVICES SECTOR IN 2018
The last several years have seen rapid evolution in the way people communicate, access entertainment content and other information. This evolution is a result of the integration between telecommunications, media, and internet companies. Companies have moved further in this direction by consolidating through mergers and acquisitions and many now offer bundled services such as cable, internet services, and telephone services. Some of these companies also create interactive entertainment content and aggregate information that is delivered through multiple platforms such as cable and internet, as well as accessed on cellular phones.
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MENLO PARK, Calif., Oct. 1, 2018 /PRNewswire/ — Facebook, Inc. (NASDAQ: FB) announced today that the company’s third quarter 2018 financial results will be released after market close on Tuesday, October 30, 2018.
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You can blame it in part on the rise in U.S. interest rates and the slowdown in China’s growth
In 1988, MSCI launched the Emerging Markets Index, which consisted of just 10 countries representing less than 1% of world market capitalization. Today the MSCI Emerging Markets Index consists of 24 countries representing 10% of world market capitalization. The Index is available for a number of regions, market segments/sizes and covers approximately 85% of the free float-adjusted market capitalization in each of the 24 countries.
https://www.msci.com/emerging-markets
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Here is the view and the setup on the weekly chart
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Here is the view and the setup on the daily chart
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