FB has had a strong couple of months with over 50% appreciating in price. Like every rally this one seem to be coming to an end now, as the stock is showing signals of weakness by establishing lower low and failing to beat previous the previous high.My fundamental view over the company keeps being bullish as I see that the problems with generating profits from the changes in technology are being tamed and in the process of resolution, also for me FB's addictiveness is unmatched by anyone in this industry hence giving the company a very strong USP, however all this is useless in the short term price movement, hence my bearish short run view.
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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.