Face Book Very bullish
Facebook seems to have a very bullish bunch of investors [observe the 4 day volume snap back after the recent 1 day sell off] as the stock seems to want to target $100 share before the end of the year. I'm neutral on the stock and would rather see a good correction and see the true performance on earning before seeing this stock hit 79+. If the October earnings is good then we'd have a better gauge/reason for a strong rally and well priced levels that would be well deserved post a true correction.
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.