Facebook shares lived up to expectations

As previously reported, Facebook shares were under the pressure of the scandal about the leakage of personal data of users of one of the largest social networks in the world. “Facebook is losing millions”. This scandal remains relevant and found a display in the presidential elections of Trump in the US and even appears in a referendum in the UK on the issue of Brexit. As a result, the hype around Facebook will not settle soon.

In turn, who used the recommendation “Facebook is loosing millions”, at the moment could earn from 1500 to 1700 points.

Fig. 1. Graph of Facebook shares from 21.03.2018. The current price before the opening of trading is 168.10.

After four days of trading, Facebook shares renewed a minimum of a year, thereby fully justifying the above forecast.

Fig. 2. Graph of Facebook shares from 27.03.2018. The current price before the opening of trading is 160.00.

At the same time, in the conditions of the existing risks, on the Facebook shares it is necessary to fix the received profit and expect a reserved correction. As indicated by the oversold of these shares and repulsion from significant support. Facebook shares retain a downward trend and with a high probability of resumption of the decline from the resistance levels: 162.00 and 167.00.

Fig. 3. Graph of Facebook shares. The current price before the opening of trading is 160.00.

Hanzenko Anton