Meta Platforms Inc (META)

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HOW LOW MIGHT FB GO BEFORE A SIGNIFICANT TRADING BOTTOM

Using two different technical analysis targeting methods I have a downside target range of 125-135 before a significant bounce occurs. I am defining a significant bounce as a move of at least 20% up from a low price.

It is also my opinion that the high set in late January 0f $195.32 will not be exceeded for at least five years. In other words, the stock has ended its uptrend which began when the stock went public 2012. Long holders will be continually disappointed by each rally as it fails at progressively lower levels. I expect the bear market that has now begun FB to take the stock below 100 with a tentative target of 80-90 dollars per share.

All conclusions are based purely on technical analysis.


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