Is The Magical Run For Facebook Stock Finally Over?

JC Parets
December 23, 2016

What do you guys think? Is it over for Facebook?

I think we're about to find out.

Here's how's I see it:

FB

Broken uptrends in Facebook and breaking down relative to Internet stocks. Now, if you want to talk about Facebook relative to tech, it's another disaster. That's not a chart I want to buy. Do you?

FB-XLK

Here's Facebook on its own. I don't care how you draw the trendlines, they're all broken:

FBd

What should we expect here? A miraculous comeback from an arbitrary level as it makes new lows relative to Technology, new lows relative to the Internet Sector and breaking every possible uptrend line?

 

 

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