3/6/2013

See my earlier post about the three reasons you need to sell Facebook ($FB) now, or short Facebook ($FB). Well here is some visual evidence, Facebook broke its uptrend weeks ago on very heavy down volume, and is now poised to break its current support at around $27. If Facebook sells below $27 the next major support level is around $19 or almost a 33% decline from its current share price.

Will Meade
Editor of The Billionaires Portfolio