Michael941
Short

FaceBook Down

NASDAQ:FB   FACEBOOK INC
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-If we close back inside this wedge today then the fake out has been verified. MACD weakening, Stochastic primed to flip now that it's been overbought for 8 trading days including today. RSI sitting around 66.
Ascending wedges tend to break to the south.
-Fundamentally, FB is ridiculous. Investors want to oust Zuck from company chair as they believe he has too much power. Zuck owns 60% of voting shares. This was tried and failed 2 years ago. This going through would mean he took at least 11% of his voting shares and voted himself out lol.
FB , Insta and Whats App down. Again. Curiously the last time was about a month ago. March 13-14 was the last time it went down. Maybe they just working on a "server configuration change" again LOL
-This company is a nightmare, but it was labeled a FAANG stock so ppl will keep buying
Last time FB was down they suffered a day in the red, gapped down the next day and ended green. Gone up since. Keep this in mind, especially since we need verification of the fake out as well as it's frickin Facebook . Your 78yr old grandmother who can't use a computer probably owns this trash.
Comment: Literally looking like the PRIME example of how nobody is looking at fundamentals or technicals anymore. We're in prime greed territory. Just piling on for no reason.

Wait for this drop. It'll be biblical.
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