Facebook will trade in a range for a few more days at $320-$332 before going on a bull run so get in near the bottom for a swing. The 5 day trend is high. RSI at 50 which I like. Target price $347.
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Most likely going to test the lows from early Dec or even lower.
Art_of_Investing
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@dgtalkid, looks like a bull run to me. My price target still stands
dgtalkid
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It is still bearish. Below 50 ema.
Croatrader777
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Hi. FB dropped now below 50 MA , and if drops below 200 def is bearish. Lot of headwinds for FB , regulations, missed on revenues etc. In October precipitous dropped skewed chart to left and put FB in defensive mode. I am not saying that it can't be bullish but if one more shoe drops definitely is going down. Best of luck
Art_of_Investing
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@mturk777, we shall see my friend, in a week or 2.
Croatrader777
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Sorry it's bearish
Art_of_Investing
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@mturk777, why do you think it’s bearish? Chart still looks bullish and my price target is still good.
Vibranium_Capital
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Very nice
bakajazon
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it may also reject around that area as well since it is in an overall downtrend.