Most problematic for Facebook (FB) is the fact that it has broken the strong uptrend that started on the previous earnings report. Today confirms the bearish trend break in FB.
At this point I’d assume that a move to $46.50 is likely, where there is strong support, followed by a move perhaps to the $42’s after that. Also watch support at the 50-day moving average and what it tries to do once it is tested.
Here’s the FB technical analysis:
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