50 DMA is at 49.86
I know it could be just temporary, but it does have enough meaning to keep your eye on.
the pros are finishing off that huge swath of nov 45 and 50 calls,i wouldnt be shocked to see this it another 50 cents down by days end,fb may well have seen its high after hrs 3 weeks ago.,no real reason to go up and the govt in tatters.
Then don't buy it.
Glad I could help and no thanks are necessary.
I knew it, they are going bankrupt...dooomsday...the might of the teens....
Because FB is now below the 50 DMA, it has entered the Warning Phase. It is warning that there is a possibility FB may continue moving down.
Also FB still has a bearish alignment of the moving average trio 50/20/10 DMA. This is not good.
FB is having a problem going over the 10 DMA. To be bullish, it must cross over the 10, 20, and 50 DMA.
It has more meaning than you think.
Look at a lot of charts and you will see that a stock that goes well below its 50 DMA is destined to fall further most of the time.
concur, its lost all MOJO!