darrin19
Long

Facebook Basing Action

NASDAQ:FB   FACEBOOK INC
41 0 0
Facebook             has been experiencing a multi-week pullback / consolidation phase and seems poised for a resumption of upside momentum. Three days of upward price momentum with increasing volume is indicative of this. MACD keeps inching closer to positive territory with multiple positive divergences and the price is crossing over the moving averages. I would expect the stock the hit the 63 level at the very least.

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