Current FB valuation won't hold for long in my opinion. Technically speaking, although trading well above it's 200EMA, Stochastic RSI is resetting towards the average area and MACD shows signs of inversion although keeping above the 0 line.
Fundamentally speaking the nws about Facebook selling data to other companies than Cambridge Analytica might take the prices down as well. FB is a data collector. It's pretty obvious his business was collecting and selling data to third parties.
***As usual, not a trading advice of any sort, merely my idea for educational and informational purposes only***
Fundamentally speaking the nws about Facebook selling data to other companies than Cambridge Analytica might take the prices down as well. FB is a data collector. It's pretty obvious his business was collecting and selling data to third parties.
***As usual, not a trading advice of any sort, merely my idea for educational and informational purposes only***