Facebook Downside Targets

Below are the downside targets for Facebook (FB) based on the decline from the July 25, 2018 peak at $217.50.

image

Based on the downside targets, Facebook has already declined below the conservative target of $129.26.  This suggests that the next level is at $100.88 is a lock.  However, the tendency of stocks to react from a parabolic increase, as seen from the $152.22 to 217.50 levels, is to decline below the extreme downside target of $72.50.

Leave a Reply

Your email address will not be published. Required fields are marked *