$FB needs to hold this level! (3/5)
Conviction: 3/5
A confluence of supports (2013, 2014, support level from 2018) hopefully will create a support zone that allows the stork price to move up again.
RSI-W at oversold (and historical bounce) level.
P/S ratio is at historically low while margins and growth still seem pretty strong.
Main risk... history does not capture 2008 recession.
A confluence of supports (2013, 2014, support level from 2018) hopefully will create a support zone that allows the stork price to move up again.
RSI-W at oversold (and historical bounce) level.
P/S ratio is at historically low while margins and growth still seem pretty strong.
Main risk... history does not capture 2008 recession.
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