$FBs Next Move?
What will 
FB do next? Each time FB has entered a downtrending channel, it usually bounces off support at 46-49 days and falls 10-12% before the rebound. After today we are at 60 days and around 10% down from the high. I see two scenarios, it either drops to support at or around $97.50 (around earnings time) before bouncing, or possibly fall to the $90 range before a rebound. Either way, I think it will be range bound from 98-105 before we see a major move
FB do next? Each time FB has entered a downtrending channel, it usually bounces off support at 46-49 days and falls 10-12% before the rebound. After today we are at 60 days and around 10% down from the high. I see two scenarios, it either drops to support at or around $97.50 (around earnings time) before bouncing, or possibly fall to the $90 range before a rebound. Either way, I think it will be range bound from 98-105 before we see a major move
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