In the one and a half weeks since the 16th of March until now Facebook has lost over 18% of its value. That is a cool 22.85 BILLION dollars erased from the pockets of its stockholders. In less than 2 weeks. The stock is crashing. Unfortunately there are no technical levels we can use to make any type of determination where the fall will stop and FB’s chart has been pretty consistently up since its IPO in May 2014. It is still falling so feel comfortable trading the stock down for the short term. Minutes to hours. When a reversal of substance occurs and the price stabilises and turns up for a day or three, the buying opportunity will have presented itself and the time to buy, if you believe in the long term well-being of the firm, will have arrived.
Facebook hits a wall — World Markets Stalling
Daily Analysis - 28/03/2018