Bullishcharts
Long

$FB Facebook $279 Target

NASDAQ:FB   FACEBOOK INC

Attempted breakout failed Tuesday as a result of market selloff late in the session.
The company also announced its new SHOPS feature yesterday.
Technically the stock has been in a 2 year congestion phase so any breakout should be substantial.
As with any breakout look for volume spike and possible back test.



Comment: Attempted breakout failed Tuesday as a result of market selloff late in the session.
The company also announced its new SHOPS feature yesterday.
Technically the stock has been in a 2 year congestion phase so any breakout should be substantial.
As with any breakout look for volume spike and possible back test.
Comment:
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Comments

250 easy. Study the Shopify charts its the same play
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FB won’t break 240
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Hope it works
+1 Reply
Do you think it will pull back first? If so, when do you think a good entry point would be? Looks like you marked a 215.92 level to watch that now serves as support? @Bullishcharts I am bullish in general into Memorial Day weekend in the States, but I believe that there might be a slight pullback in US market today, what about you? That's why I'm hesitant to jump into calls right now.
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sgnielsen_3 justind128
@justind128, it will likely come down and retest prior resistance @ 222, if it bounces from there, to the moon.
Reply
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