Near-Term Pattern Positive for FB

FB-- Amid a sea of red today, FB is circling unchanged, and is acting relatively well as it appears to be digesting its gains from the last Friday at 137.00 (prior to the company announcement of a $9 billion stock buyback) into Wed.'s "breakout" recovery high at 147.19. As long as any forthcoming FB weakness is contained above the 141.50 area, the near term pattern has potential to launch FB in to another thrust that tests and takes out 147.19, in route to 151-153, and possibly to 158-162 thereafter. Last is 145.17/18

12 14 FB 1140 GIF
12 14 FB 1140 GIF
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