It looks to me as though the shares want to go higher - pushing against the short term resistance on numerous occassions. Maybe the next figures will deliver the boost to take the shares to the next level?
Has the cryptocurrecny project been dropped? Last I heard FB were trying to talk about it as a third party not directly linked to them lol
Are brokers simply jumping on the tech bandwagon and hoping the tech sector will perform in the short to medium term? If it does then you can bet your bottom dollar Facebook will perform.
Is it a coincidence that the likes of Apple and Facebook are moving towards record highs? Is the tech sector back in favour?
Looks like trouble on the way from the FTC:- https://www.marketwatch.com/story/f...ance-of-new-california-privacy-law-2019-12-12
No matter how much controversy FB attracts, investors keep coming back for more. Surely at some point it will get caught out? In the meantime, we are back into unchartered waters and the shares could fly.
