No real change in the Facebook monthly charts, as prices continue to consolidate the sharp fall from the October highs.
One interesting development, however, is the deterioration in price action relative to the S&P500 Index. If this deterioration continues, asset managers will likely be forced to reduce Facebook exposure, and move into more compelling names.
Is Microsoft a viable alternative?
One interesting development, however, is the deterioration in price action relative to the S&P500 Index. If this deterioration continues, asset managers will likely be forced to reduce Facebook exposure, and move into more compelling names.
Is Microsoft a viable alternative?
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.