FACEBOOK Stock WILL Drop Below 200 Amid Fear Coronavirus
Coronavirus has been impacted several stocks including facebook stock. As a sign of rejection, many trader losing interest to purchase the facebook stock in a current situation.
The fear among the people for the disease spread make this stock having a biggest pullback. From the price of 224 key level, trader rejected for the price to go any higher up of 250 level.
This send the price stock to test the price 201 at this moment article was published. The robust supply on the daily chart is a sign of reversal to the price of 165 or worst 161.
Meaning this disease on the fear sentiment trading will be continue until the price recover back to its rally bullish position to continue the trend.
Income from the Facebook coming from many biggest company for the advertising. For now, the biggest client of Facebook is holding the production on supply chain due to
halt export outside China. This will slow down their production and revenue. Many investor has now pull back their money out from the Facebook stock. The demand is not there and the price reject with strong rejection from 224 to 201 in a month just after the disease has been spread across nation wide countries.
Is that coincidence?
The fear among the people for the disease spread make this stock having a biggest pullback. From the price of 224 key level, trader rejected for the price to go any higher up of 250 level.
This send the price stock to test the price 201 at this moment article was published. The robust supply on the daily chart is a sign of reversal to the price of 165 or worst 161.
Meaning this disease on the fear sentiment trading will be continue until the price recover back to its rally bullish position to continue the trend.
Income from the Facebook coming from many biggest company for the advertising. For now, the biggest client of Facebook is holding the production on supply chain due to
halt export outside China. This will slow down their production and revenue. Many investor has now pull back their money out from the Facebook stock. The demand is not there and the price reject with strong rejection from 224 to 201 in a month just after the disease has been spread across nation wide countries.
Is that coincidence?
Penafian
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