Facebook has broken its 200 weekly moving average and could be setup for more downside. Facebook has a small support zone around 115, but I do not think it will hold. I think we could see Facebook come down to the 30-70 dollar range here as this down-trend develops. There really isn't much historical support until then if 115 is broken.
What to watch for:
-Break of the 115 support zone.
-If that occurs, I'll be watching 70, 55, and 30 as possible places for the price to come down to.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
What to watch for:
-Break of the 115 support zone.
-If that occurs, I'll be watching 70, 55, and 30 as possible places for the price to come down to.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.