META
FB is a company with great fundamentals. The sales and earning are constantly increasing. The company also
don't have any long-term and short-term debt.
The 20% crash on 26 July 2018 due to panic selling has given the possibility to buy FB at a lower price. An Investor can just buy and hold with a wide stop loss. A trader has to wait for the confirmation that an up move is starting before entering the market.
That way his money won't be stuck for long in a stock that is going nowhere.
Until now we haven't seen a reversal sign signaling the end of the down move. The buy point will probably be created after
the false breakout of the support at 167,00 as shown in the picture. The low volume of the past few days shows that the accumulation phase has not begun yet.