FB, daily
Summary
Regardless of near term action, mid-term 3-6 month outlook remains a target in the low 20s. If the market gets rattled, and sp 'somehow' breaks <1100 later this autumn, then FB looks set to hit the first target zone of $12/10 by the end of this year. Even at that price its still overvalued on any basis by a factor of 3.
FB remains one to watch, and laugh at the delusion and blind stupidity (complete lack of 'fair value' appreciation) of the masses.
