bluser12
Short

Facebook - A retracement, possible bounce, & further retracement

BATS:FB   FACEBOOK INC
226 0 0
As the trend line broke on $FB with today's gap down and flush, we saw some capitulation that coincided with a 38.2% Fibonacci retracement. Looking for a short term bounce towards $31 at which point I expect a reversal and further downside until we fill those gaps below and approach some solid support.
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