novvoll12

FB $91.72 - neutral- Pulls back to the 5-week range support

NASDAQ:FB   FACEBOOK INC
15 0 0
fb
FB             pulled back from the 99.24 YTD high (July 21, 2015) towards the 91.19 range support near 38.2% of the 76.79/99.24 rise and 90.99 (July 15, 2015 high). The bearish indicators suggest it is possible to risk a deeper setback towards 89.40, near 50% of the 76.79/99.24 rise and the 3-1/2 month rising trendline (from May 13, 2015 low) which should hold the correction ahead of the next upleg towards 96.10.
Outlook:
Short term: neutral
Long term: bullish
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