Facebook is almost 45% down from its top. There was some news of its daily user which plunges the stock to drag down. But, fundamentally speaking it has strong financials. Currently it is testing the FY Low of 2021 and a strong Financial Quarter (FQ) high of 2020 7 also hedging towards a strong Monthly level near 210 $ making 215 $-210 $ a strong support level. Leta watch and study the price action at those levels.
Please do write in comment section about your views. Thank You! Happy Investing!
NB: The chart analysis is for educational purpose only. Its full my personnel view. Place your trade/investment before consulting your financial advisor only.
Mark is no fool...FB has a great balance sheet, and if not for a snitch and being sold out by Apple and Google to get Congress off their arses, FB would be a $400 stock.
lauralea
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Candle looks bad )o: FB should not have suspended so many folks on fact checks.
souravpal_123
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@lauralea, Lets wait and watch..my view is fully on strong fundamental and the stock is on strong FY & FQ support levels...Best way to invest when you find good stock at such discount...Buy when all are panic, Sell when all are buying.. Good Day | Happy Trading
@lauralea, How's MCD going ? NEVER buy a stock with a death cross on the chart!!!!
ShortSeller76
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Enron is down. 100 percent from its top. What does that have to do with it not going lower? It’s broken. Everyday more bad news, fraud allegations, iOS changes, lawsuits, settlements, countries threatening to ban it. No dividend slowing growth not worth the risk
souravpal_123
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@ShortSeller76 sir, its fundamentals are not similar to facebook...a good quality stocks requires a small bad news to fall on a support...that is what is happening in facebook...look at the long term chart you wil not find any good correction in the recent past..but this fall is a opportunity. lets wait and watch the price action...Thank you for your views...happy learning- together 🙂
souravpal_123
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@ShortSeller76 also it has come down to a crucial Finacial year support and Finacial Quarter support.. reaction s are atticipated