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Last Days of FB Rally?
27 february 2015

I continue coverage of my old and recent investment ideas. In late January, I detected a diamond pattern on the FB chart. In my opinion, this is a pattern with the potential for a side trend. And as long as the upper (USD 85) and lower (USD 70) bounds of the diamond remain in place, there will be no strong movement in the stock. Should the upper bound be breached, the stock could rise to USD 90 (the 261.8% Fibonacci retracement level), and if the lower bound is crossed, the downside target is USD 63 or even USD 56. Exercise caution as not all of the marks that I mentioned are horizontal, some of them could move up or down. It would be best to test your actions with the chart.

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Last Days of FB Rally?

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