Wyckoff_Trader
Long

Swing Back to $180

NASDAQ:FB   FACEBOOK INC
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FB has retreated close to 10% within 2 days amid its Data Leak scandal and seems not ending on the selling. However, taking a rational look at the stock's technical, the stock has traded steeply out of the lower bollinger band with climactic volume observed. These observations coupled with a long-legged candle could suggest that selling has been may be over done and we may see a short term rebound.

Above analysis is negated if price falls below the low of the long legged candle.
Trade closed: target reached
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