I was looking at individual FANG stock charts this evening.
surveying the carnage of the FANG Stock Bubble charts
that have burst.
One stood out like a sore thumb.
I have never written about Facebook before
but looking at the weekly chart,
I felt almost obligated to do so.
The massive rollover in FB stock chart from 215
this year down to the 130 price area where it is today,
has already cost the companies investors
a nearly 40 % hit in their investment,from the all time high.
Yet by read, the stock is not even finished,... with it's initial decline.
Weekly Chart shows me that FB is targeting the $110.00 level
, for this decline,
some $25.00 down from here.
I would also add an entirely out of the box addition,.. to this analysis.
By my read of the chart, if 110 were to fail for FB as weekly support,
then long term projection, perhaps years out,
could ultimately return the stock back to the $10.00 level.
that's right, $10.00 a share.
FB 136.38 Last.
THE_UNWIND
11/26/18
NEW YORK
surveying the carnage of the FANG Stock Bubble charts
that have burst.
One stood out like a sore thumb.
I have never written about Facebook before
but looking at the weekly chart,
I felt almost obligated to do so.
The massive rollover in FB stock chart from 215
this year down to the 130 price area where it is today,
has already cost the companies investors
a nearly 40 % hit in their investment,from the all time high.
Yet by read, the stock is not even finished,... with it's initial decline.
Weekly Chart shows me that FB is targeting the $110.00 level
, for this decline,
some $25.00 down from here.
I would also add an entirely out of the box addition,.. to this analysis.
By my read of the chart, if 110 were to fail for FB as weekly support,
then long term projection, perhaps years out,
could ultimately return the stock back to the $10.00 level.
that's right, $10.00 a share.
FB 136.38 Last.
THE_UNWIND
11/26/18
NEW YORK