Is The Magical Run For Facebook Stock Finally Over?
Broken uptrends in Facebook and breaking down relative to Internet stocks. Now, if you want to talk about Facebook relative to tech, it's another disaster. That's not a chart I want to buy. Do you?
Here's Facebook on its own. I don't care how you draw the trendlines, they're all broken:
What should we expect here? A miraculous comeback from an arbitrary level as it makes new lows relative to Technology, new lows relative to the Internet Sector and breaking every possible uptrend line?
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