Hubert Senters here.

Had some viewers asked today if it is safe or a good time to buy Facebook and the short answer is no.

I wouldn’t buy it yet. I think it’s going to drop further for you. You probably get a better discount on it if you show a little patience and restraint.

So on the fibs I took it from 2021 in January there all the way up to the peak of the price of $384.

So we’ve got a little about $244 to $384, 50 percent retracement would be $314. I don’t think that’s going to hold but that would be this first zone that I would look to purchase and I want to buy Facebook.

It would be $314 to $297. I think it will probably drift a little bit lower than that. If the overall market drops lower this thing will drop lower so.

It will probably more closer to around $280 but I don’t think $315 to $297 is a bad entry. If you’re a long term believer in Facebook.

Now, a great way to take advantage of Facebook is you use this little Nasdaq secret box which will be doing a special webinar Tuesday, October 5th at 7PM EST.

I call it the little bird to tell you where it’s going up or down in real time and it’s got a nice audio alert to it which could have enabled to you to catch more of the Facebook quicker to the down side.

I’m going to HYPERLINK you to the registration page for that webinar.

Good luck. Hope it helps. See you on the next video.

Hubert.