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Has FB Ended Its Post-Earnings Correction?


From a PF perspective, let's notice that Facebook, Inc. (FB) has established a double-bottom print low at 26.70, from where the price structure has pivoted to the upside into an up-column of Blue X's.

Let's also notice that the high print so far for the rally off of 26.70 is 27.30, which is just beneath a plateau of intense resistance between 27.40 and 27.80.

To get an real upside traction, and to confirm that FB has completed a correction off of 29.00 and has started a new upleg, the price structure must claw its way through 27.40/80.

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