Facebook has been on a down trend since August. The downward trend was further confirmed by the 50/200 MA cross in September. Short term, just these past few days there have been a few negative news stories about that I do not think the market has reacted to yet.
Edit: here is the news I was referring to
businessinsider.com/facebook-documents-six4three-case-published-british-parliament-2018-12
thelocal.fr/20181207/how-facebook-fuelled-frances-yellow-rebellion
Edit: here is the news I was referring to
businessinsider.com/facebook-documents-six4three-case-published-british-parliament-2018-12
thelocal.fr/20181207/how-facebook-fuelled-frances-yellow-rebellion
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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.