FB, daily
A kooky 3 candle daily chart to be sure. It was especially pleasing today whilst browsing a number of finance sites/blogs to see other writers/analysts suggest targets ranging from around $10 to $3.
More than anything right now, there is NO sign of a turn higher yet. This overvalued and post-IPO hysteria nonsense stock could easily fall into the mid 20s within a few days. At some point the buyers WILL come in, and we'll see some huge surge.. Yet we could easily fall another 20% before the big money is willing to get involved.
FB Fair value: $4
