FB update July 10

FB: although we’ve been bearish for a while on this ticker, we always challenge our analyses and given where the general market is, we don’t see FB going down and the market up. It’s too important a component. Instead the weekly chart shows a different larger EDT forming, with a target of $125-$135. The weekly TIs are pointing back up. Price found two weeks ago support at the lower blue trendline and as such up is the preferred way to go in our opinion.

fb weekly