Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

Facebook Stock Chart Above A Key Level

Let's do a quick review of the Facebook (NASDAQ:FB) stock chart. After all that negative privacy news Facebook's chart is peaking above a key support /resistance.

Let's look. You see in the chart below we drew a line of key support/resistance. That's the level where Facebook either broke out, held or broke down. It's a key level.

When the stock dropped through that level it sliced much further. Now, pretty quickly Facebook's stock has managed to get back up over that key level which is a bullish sign.

As you know we're bullish and we still have blow out earnings numbers.  It's nice when the fundamentals and technicals can agree. As we move up and away from this key level you can have more confidence that Facebook has weathered the negative news and can start moving back up hopefully based on strong earnings fundamentals.

Facebook reports April 25th after the close.


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All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. Model portfolio trades and positions are hypothetical to be used for directional analysis and ratings purposes. Elazar and its employees do not take individual stock positions to avoid front running and other potential customer related issues. Elazar does take macro positions for clients where directions can change regularly.

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