MARKET CORRECTION SUGGESTS FACEBOOK MAY BE THE NEXT APPLE $AAPL $FB $TWTR $LNKD
Market downturns are always good to spot the next leaders. The market downturn of 2016 is no different. Now there are additional data points showing that Facebook FB, may be the next Apple AAPL. No, Facebook will not start making phones. No, Facebook will not have a low P/E like Apple. I am talking about stock performance like Apple of yesteryear.
Five stages
According to ZYX Change Method, there are five stages of a long trade based on change. The annotated diagram shows that Facebook is early in stage three. This is where roughly Apple was in 2011. Subsequent to 2011, Apple stock showed large gains.… Please click here or the title below to read more.
February 24, 2016