Facebook (FB) targets $200 but this can be the top
Facebook's share price increased from $16-17 in 2013 to $197 today, an increase by around 1000%. However the end is near for the price rally.
According to the Elliott Wave count and Fib levels $200 and slightly above can be the top for the share price. Moreover, the volume is diminishing and RSI signals negative divergence.
A correction period after a 7-year rally seems reasonable in the next days.
According to the Elliott Wave count and Fib levels $200 and slightly above can be the top for the share price. Moreover, the volume is diminishing and RSI signals negative divergence.
A correction period after a 7-year rally seems reasonable in the next days.
Comment:
Facebook is falling.
Trade closed: target reached:
spot on :)