jimnewman44

FB - sideways from here, then down

BATS:FB   FACEBOOK INC
141 2 2
Neutral short-term ... but bearish longer term. Momentum has slowed as the price channels have shifted flatter. RSI is skidding up to overbought land. Aroon is losing conviction on its bullish signal ... IMO             - FB             has been buoyed by the overall market and Yellen's comments. Nothing has changed fundamentally.
Their valuation isn't justified with such a simple revenue stream. Look at GOOG's valuations and their product lines.
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FB will continue to Rise as new updates keep coming out slowly. All downs for the sake of UP
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