Long

FB - Hyperbolic Buy

Updated

is a STRONG BUY and is going hyperbolic. Price Target is $240 by the end of the year. Next Primary Correction price target is $440.

Facebook is currently in a Cycle 5th Wave and in the 3rd Primary Wave of the Lower Degree.

Since the IPO the biggest retracement has been 23.6% besides the 61.8% retracement of the 1st Cycle Wave. The most recent retracement occurred during the Cambridge Analytic scandal. The 23.6% retracement suggests the extension of the 5th Cycle Wave.

FB shows incredibly strong momentum and is only beginning to monetize all of it's social platforms and has a lot of more room to run.

Conclusion: The Wave Counts suggest that the 5th Wave will be extended making the Social Giant's stock to go hyperbolic.

-AB

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Don't Worry this is a Minor 5 Wave Correction...

Price Targets Still in Place.

Also, note that the 5th Wave was extended which could lead to a Higher Degree Extended 5th Wave.

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ZigZag Correction Targets.

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Facebook’s growth is still impressive and given its monopoly power the social giant is not going anywhere. Unless, Facebook colluded with the Russians and is shut down by mueller. The is hugely exaggerated move I believe and FB will recover quickly.

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Wait to see if this level holds but I believe this is great buying opportunity. If this level doesn't hold the next key support is $150.

I'm looking to add more here this move is not logical and is a PR Stunt to hold off Congress from regulation.

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WARNING: I have heard rumors of FB manipulating accounts and information. Mark Z. has been selling shares systematically for months now.

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Warning: Price-Action has significantly changed. I can no longer continue to be long Facebook.

I think a lot of cockroaches are going to be coming out in the news regarding FB, GOOG, TWTR and others about their data collection methods.

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FB now neutral.

Trade closed manually

Trade closed: target reached

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