kungfuguo
Long

FB update 7/10

BATS:FB   FACEBOOK INC
325 2 1
After a period of bearish trend , it has found the bottom around $23 range. After a period of consolidation around $23.50-$25 range, it is on its way back up. The MACD is looking bullish . I expect it to rebound to the $27-$28 range to retest the key resistance level there. If rejected, I expect that to additional downtrend. MACD at 0.4 is the key.
Disclaimer: I am long FB. I entered at $24.04
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