Head and shoulders pattern confirmed on Facebook (FB) and this is the time you want to be shorting the stock as it now trades below key support at $46.50.
I think the stock is far over-hyped with too much retail money in it. I get more questions from people about this stock than any other, and once FB starts to drop even more, the masses will eventually run for the exits and send the stock back into the $30’s.
Here’s the FB analysis:
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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