I see Facebook making a run back to highs of $280. Facebook is now closer to the $255 support line (blue line) it may take a few days to retest this line before breaking upward toward those $280 levels in March. I would wait for FB to retest the $255 support before going long, and remember to be careful of these Zones of Resistance found in purple.
Disclaimer: This is not financial advise!
Disclaimer: This is not financial advise!
Comment:
Facebook received good news last night, this prevented the stock from reaching lower lows, temporarily that is, but perhaps this could be used to our advantage in the next weeks. We'll see.
Comment:
FB is now at the $255 support line, consider taking an entry here, but be ready to average down if the market is bear.