Balanced in range, but downside risks in force
No real change in the Facebook monthly charts, as prices continue to consolidate the sharp fall from the October highs.
One interesting development, however, is the deterioration in price action relative to the S&P500 Index. If this deterioration continues, asset managers will likely be forced to reduce Facebook exposure, and move into more compelling names.
Is Microsoft a viable alternative?
One interesting development, however, is the deterioration in price action relative to the S&P500 Index. If this deterioration continues, asset managers will likely be forced to reduce Facebook exposure, and move into more compelling names.
Is Microsoft a viable alternative?
