If you study the technicals of these four stocks, only AMZN has remained strong, and even AMZN is slowing down.
Facebook shows several signs of technical weakness. Yes - the is rising, and the 200 day moving average is also rising, but the phase energy has demonstrated a negative "zero-line crossover" to the down side. The golden line is the 89 day moving average, Facebook is now trading below this support.
The top middle indicator is , and this is negative (red over green). This warns you of a down trending stock.
Look to the far upper right on the chart, just below $120.00. You will notice a yellowish line on the bottom (jaws), with black dots above (teeth), and a blue line (jaw) above the black dots. Now, all three are OPEN, correct? This is where I ask you to use your imagination and envision these three items as the "jaws, lips, and teeth of a NOW AWAKE, FEEDING , and the will continue to feed into a newly developing DOWN-TREND.
Price target one is the 200 day moving average at $106. If the technicals do not improve, then the second price target is $90.
The is near zero (top indicator), so there may be an attempt to push prices higher, but the weight of the evidence is that Facebook is rolling over, and I would recommend a fade to any rally.
One last suggestion: If you look at the chart of GOOG , you will see a very similar pattern.
Today's quote is from James Holt McGavran: "There’s a way of transferring funds that is even faster than electronic banking. It’s called marriage."
I hope this has been helpful and informative. May all of you trades go well. Don