Facebook In Decline: Correction Likely To Continue, Update
Five days ago I published a negative outlook for Facebook---This is an update.
The selling continues and the decline will likely pick-up downside momentum. Facebook-is weaker than five days ago.
A complete technical analysis is available on this publication.
Another thing to consider:
Facebook- is a very liquid stock and money managers/ traders may be FORCE TO SELL-FACEBOOK because of margin calls in other issues.
This dash for cash may very well have a negative effect on winning stocks-Facebook included.
I hope this has been helpful and informative. May all of you trades go well. Don
The selling continues and the decline will likely pick-up downside momentum. Facebook-is weaker than five days ago.
A complete technical analysis is available on this publication.
Another thing to consider:
Facebook- is a very liquid stock and money managers/ traders may be FORCE TO SELL-FACEBOOK because of margin calls in other issues.
This dash for cash may very well have a negative effect on winning stocks-Facebook included.
I hope this has been helpful and informative. May all of you trades go well. Don
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