FB disaster waiting to happen! As Snap and Twitter rise, User hours drop on FB, Russian Scandal, News of CEO planning to sell $billions in stock and technical picture looking shaky under this week low of 178 where 100dma support and rising trend line is lost. RSI divergence is noticeable too. In the past a correction of anywhere between 15-25% have happened.. Given the massive breakdown in markets I would think a 25% drop from top is high probability. Initial support though comes in at 200dma. Targeting 155 (24% fib of total run from $18
Comment:
working well so far towards target price is 153
Comment:
overshoots 153 to 149.. Closed at 152.5 via limit price