Facebook has hit the 50ma on weekly chart. Generally it rebo...

Facebook has hit the 50ma on weekly chart. Generally it rebounds from here. But due to recent lawsuits and also lower growth outlook for Q4 2021, we may see it dip below 50MA. The times that FB has crossed below 50MA on weekly chart are during times like covid, 2018 trump sanctions on China and also previous Facebook privacy lawsuits. Which generally Facebook always rebounds from there within 1 to 4 months period and going up higher. I always say its not how the week start but how the week ends. We may see it red for now, but most important is the close on Friday whether it will stay above 50ma or below the 50ma. Do share your thoughts as well!