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Facebook tumbles and drops below key support

SPX Tech analysis by Simon Kazinsky on 11:29 December 04, 2017 EST

Techs / FANGS are not that exhuberant lately. Joining Tesla under important mid term supports is Facebook today.

The social network sheds 2% on Monday breaking below the moving average that has provided support all this year.

Facebook made a new all time high just like week at 182 but it has traded lower every single day for the past 5 sessions after the record high.