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FDNYret
Jun 12, 2015 6:39 PM

Bearish Harami Cross on weekly $FB chart and IRS examination Short

Meta Platforms, Inc.NASDAQ

Description

FB should retreat to a lower weekly low next week with this Bearish Harami on a weekly chart. FB also mentions an examination by the IRS in their last 10K, which is questioning tax credits from a tax loss carryforward that is not allowed because of a change in ownership with FB's IPO. Sell FB, this could turn FB's Profits into losses. The tax credits that FB used are in the Billions of Dollars.
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