What to make of FB crash yesterday

Hey There,

Yesterday, Facebook, Instagram, and WhatsApp all went down and stayed down.

For hours, all of those services, part of the same mother company, were down for hours.

To tell you the truth, as I write this, I don't even know for sure if they'll be back up when you receive it!

They aren't now…

Unsurprisingly, the bad headlines led to a massive drop in FB shares, which are down almost 4.9 percent today, and 14.6 percent over the last month.

But what should traders make of that drop? Is it a warning sign or an opportunity?

Let's discuss!

Critical Q4 Trader Symposium — October 7

Right now, traders are facing a lot of pressures.

Uncertain markets, rising inflation, and now, the new risk of taxes designed to punish investors for their hard-earned gains…

It's a lot to take in.

And as we turn the corner towards the end of the year, it's an important time to get together and rethink our strategy.

That's exactly what I'll do during my LIVE Q4 Trader Symposium on October 7, 2021 at 1:00 PM EASTERN.

We'll talk about the major opportunities available to traders who know how to take advantage of looming changes.

Click here to sign up right away

That's a massive gap down on the bad news for the company, and it's in the middle of an extended downtrend.

We love gaps down, as you know. They often create great trading opportunities.

But I'd be careful here.

The uncertainty isn't out of this stock yet, and questions about what happened today could linger for a while.
There's no question FB has some room to run when the time comes for it to.

With recent highs as high as about 388.00, and current prices sitting at 326.00, obviously, we've got space.

But don't rush in on the first bullish candle here. Wait for the pattern to clearly shift, and then you could potentially get in if you want to ride the next uptrend.

Patience will be a virtue here, and you won't miss the move entirely if you take an extra day or two to be safe.

Of course, alternatively, you can ignore FB altogether and look for better options out there.

We'll talk about some on Thursday!

Chat soon,

Markay

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.

At MarkayLatimer, we are strongly committed to protecting your privacy and providing a safe online experience for all of our visitors while offering a high-quality user experience here at www.MarkayLatimer.com. We know that you care about how the information you provide to us is used and shared. We have developed this Privacy Policy to inform you of our policies regarding the collection, use, and disclosure of Information we receive from users of the Website. Markay Latimer owns & operates the Website. This Privacy Policy, along with our Term & Conditions, governs your use of this site. By using www.MarkayLatimer.com, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our terms and this Privacy Policy. If you have provided personal, billing or other voluntarily provided information, you may access, review and make changes to it via instructions found on the Website or by emailing us at help@MarkayLatimer.com. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the "unsubscribe" link located on the bottom of any related email from the Company. Emails related to the purchase or delivery of orders are provided automatically – Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of Personal Information in a timely manner. However, it is not always possible to completely remove or modify information in our databases (for example, if we have a legal obligation to keep it for certain timeframes, for example).

What to make of FB crash yesterday

0 Response to "What to make of FB crash yesterday"

Post a Comment