Meta PlatformsShort
No news is good news, especially FAKE news for FB
Histotically, when the VI (negative) reaches this level, FB drops at least 0.74%. All trendlines have been busted and an actual bottom to this disaster is unknown. Some advertisers may be unwilling to play FB's game and the value of the stock could easily continue to suffer.
Once this VI level is breeched, the average drop is 4.82%. I have chosen a more conservative drop based on recent common support levels. My safer play is a decent PUT position that can easily bring in 20-40% within two weeks.
Once this VI level is breeched, the average drop is 4.82%. I have chosen a more conservative drop based on recent common support levels. My safer play is a decent PUT position that can easily bring in 20-40% within two weeks.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
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.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
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.