Facebook Stock Breaks Trendline

Facebooks privacy problems seemed to be escalated down to an unprecedented security issue, this vulnerability allowed attackers to directly take over user accounts.

Facebook has now broken the recent trend line and appears to be vulnerable.

Facebook NASDAQ Trendline Broken: Bloomberg
Facebook NASDAQ Trendline Broken: Bloomberg

Would this potential weakness weight on the Nasdaq100 and drive the index lower?

Currently, Nasdaq is at $7,440 after correcting more than 200 points last week.

Is there a structural weakness inbuilt in the Index?

In-house Analyst


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