Strong breakout through the $224 high, Bollinger opened right up, think we are heading towards $248 resistance. Seems like market likes the news of FB shops... FB say it will work with partners like Shopify, but to me seems more like a competitor. Amazon seemed mostly unfazed by covid, so seems like this move will help hedge against the unknown moving forward. Lots of positive feedback from analysts, interesting to see where this goes.
I don't think so, FB won't at the time reach $248. It must drop till 1XX and maybe then it will keep to rise to $248
TonyTify
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Because it's FB, it isn't AAPL, AMZN, GOOGL, or anything else. It is FB and it must fall! See 2018 and 2019 there wasn't crazy stock growth unlike APPL
Futio
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@TonyTify, biggest advertisers on Facebook are small businesses and most are either bankrupt or broke..watch out
eugene71
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@TonyTify, only way we are going back to 1XX is if we have another market correction, IMO. Then everything retraces, which comes first, who knows...