FACEBOOK stocks
well, after yesterdays service outage of the 3 social networks (FB, IG and WhatsApp) we still do not have a clear explanation of what happened, then I decided to look at the most unbiased newspaper: the charts.
price between 50 and 61.8 retracement from the last drop, strong divergence and as I like to call it ''bearish trendy crown'' chart pattern, so both technical and fundamental traders might be looking to short FB on the opening today. let's see what happens.
price between 50 and 61.8 retracement from the last drop, strong divergence and as I like to call it ''bearish trendy crown'' chart pattern, so both technical and fundamental traders might be looking to short FB on the opening today. let's see what happens.
Note
opened with gap down and still bearish. technicals over fundamentals for me.Note
went down just a little bit, then changed direction.Note
no longer valid
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.