Facebook likely to drop down a rung

29 ago 2018

I've been looking at Facebook since it lost 120B off it's top line. It's forming a really clear symmetrical wedge which is bad news in combination with its loss. There's a chance it could pull out of the wedge on the tops side, but it' much more likely it's going to pull FB down to $160 to $165 before rebounding back up. It will likely drag TWTR stock down with it, but Facebook is facing bigger issues then Twitter. Long term, Facebook will take a big hit for future growth as the company makes hard changes, Twitter on the other hand has its feet dug in the sand and is refusing big changes in order to avoid loss and intends to make gradual improvement. TWTR will be making better gains for now, but FB will eventually come back and over take it.