HOW LOW WILL FACEBOOK’S STOCK FALL BEFORE IT REBOUNDS TO MORE THAN $300? $FB $QQQ $AMZN $AAPL $GOOG $NFLX $MSFT $GOOGL
What a difference a day makes.
Before the big drop in Facebook’s FB, stock in extended trading Wednesday, I was receiving criticism for not raising The Arora Report’s “buy” zone. Now that Facebook’s stock has fallen on reduced revenue guidance and higher costs, here is the most often asked question: “How low will Facebook stock go?” Let us examine that with the help of a chart.
Chart
Please click here for the annotated chart of Facebook. Please note the following from the chart:
• The chart shows the overshoot in Facebook’s stock price.
• The chart shows The Arora Report’s “buy” zone prior to the decline.… Please click here or the title below to read more.
July 26, 2018