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inthemoneystock (< 20)

Facebook Bear Flag Signals Coming Drop: Enjoy



March 19, 2014 – Comments (0) | RELATED TICKERS: FB

Facebook Inc (NASDAQ:FB) has a classic bear flag that is forming under the 20 moving average on the daily chart. This is one of the better patterns you will see and ultimately tells of much further downside on the stock. Even today, the stock is underperforming a market that is flat. Facebook is trading at $68.21, -0.98 (-1.42%). Key supports will be $58.85 and $53.45.

Gareth Soloway

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