After a fairly strong Q1 report, despite record-setting fines on the horizon and margins shrinking even when accounting for said fines, investors remain confident in Facebook's growth potential. This, along with a probable FOMO-effect produced by the rapid upswing, may well provide enough momentum for it to fill the gap formed last summer and may move beyond even...
After the last week's big selloff, continuing into Monday, the recent jump got the stock above the 200MA, which was tested back yesterday. This, along with the strong fundamentals and the upwards-corrected outlook, indicates a reversal of the trend with resistances around 70USD, then 80, looking at an almost 20% uptick in the coming months.
