FB, daily
Summary
FB remains a great unknown, its going to take a few more quarters of earnings just to have any real idea how they are coping as a listed company - with the inherent pressures, especially on the CEO.
The MACD cycle is again rolling over, and we're only day'1 down, so..FB could easily be in the 16/14 range by the end of September.
The original 'market zone' target of 12/10 does indeed look set to be hit this Autumn.
My 'fair value' of $4 won't be hit of course, after all, this market simply won't allow true 'fair value' in most cases. Yet, even $12/10 would be a real achievement for the bears who have been shorting since the 30s.
If the SP' can somehow - at least briefly, sink to the low 1200s this Autumn, then FB will indeed hit the 12/10 zone.
