FB, daily
Summary
A move to around 32/24 is expected next week - with the indexes completing wave'2 around sp'1360/80.
The next target for FB this summer will be a new low of 25...and very likely 20.
SP'1100 - the monthly cycle target, would equate to FB around 15/17 by late July/August.
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FB remains overvalued by around 85%...fair value remains $4, and I would not be a buyer above $1.50 for what remains a company that has very minor revenue/profits, with an entirely unreliable customer base.
